1776 North Monroe St Monroe, MI 48162
For Sale
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This exceptional 10-acre parcel, located at 1776 & 1818 North Monroe Street in Monroe, Michigan (zip code 48162), presents a remarkable opportunity for developers. The property boasts significant frontage and enjoys a highly desirable location in the heart of Monroe, offering easy access to major transportation arteries including US-24, I-75, and I-275. Preliminary site plan approval for multifamily development is already in place, streamlining the development process. The expansive acreage allows for a variety of potential uses beyond multifamily, including medical facilities, retail spaces, or office buildings. The strategic location makes this site particularly well-suited for senior housing or other multifamily residential projects. Given its size and prime location, this property represents a rare and valuable investment opportunity in a thriving Michigan community. The property's latitude and longitude coordinates are 41.9404054 and -83.3864299 respectively. The county is Monroe County. This is a land sale, classified as multifamily.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.