Property summary
This exceptional 74,152 square foot retail strip center, located at 14930 Laplaisance Road in Monroe, Michigan, presents a unique investment opportunity. Situated on a generous 16.11-acre lot, this property offers multiple tenancy options, with spaces ranging from a minimum of 446 square feet to a maximum contiguous space of 5,280 square feet. Built in 1989 and zoned for commercial use, the property boasts 14 available spaces, making it ideal for a variety of retail businesses. The center is conveniently located in the Ann Arbor submarket of Monroe County, offering excellent access to a thriving consumer base. The property's below-market lease rates represent a compelling value proposition for prospective tenants. Furthermore, the expansive lot size presents the potential for outlot development, adding significant future value. This property is an excellent opportunity for investors seeking a strong return in a desirable location. The property is located in Monroe, MI, zip code 48161. The property's zoning is commercial.
Property profile
VerifiedCap rate & NOI
Current use
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Textile Manufacturer Factory
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Charitable Organization Social Service Agency
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Law Firm
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Law Firm
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Church
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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