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    Property profile & analytics
    OFF-MARKET Estimated value $540,000
    Warehouses

    2390 Telegraph Rd, Monroe, MI 48162-8902

    5,000 SF 1 ac lot Built 1985
    Individually Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US43-0589203
    Property summary
    AI-generated overview

    This exceptional 5,000-square-foot industrial property is ideally located in Monroe, MI, on North Telegraph Road, a high-traffic area boasting over 30,000 vehicles daily. The solid block building offers excellent visibility and accessibility, situated amongst major retailers and national franchises including Walmart, Tractor Supply, Lowe's, Dunham's, Ollie's, Staples, several banks, and numerous national restaurant chains. This prime commercial location ensures significant exposure and potential customer traffic. The building itself measures 50 feet by 100 feet and features a spacious showroom and a substantial warehouse area, perfect for a variety of uses. A convenient lavatory with a shower is included. The property encompasses one acre of land, with an additional adjacent acre available for expansion or future development. This presents a unique opportunity for retail, commercial, or mixed-use development, capitalizing on the high traffic counts and established commercial presence in the immediate vicinity. The combination of building features, ample land, and strategic location makes this property a compelling investment opportunity.

    Property profile
    Verified
    Property type Warehouses
    Use group MINI-WAREHOUSE, STORAGE
    Year built 1985
    Total area 5,000 SF
    Lot 1 ac (43,560 SF)
    APN 07-079-012-00
    UPID US43-0589203
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $538k
    Blend (final) Blend
    $540k
    Owner & transaction history
    John Poupard · 1 yrs held
    John Poupard
    since 2024
    2 recorded transactions
    2024
    $246,000
    2020
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $455,000 +47.8%
    Commercial (general) $425,000 +36.9%
    Restaurant $400,000 +29.2%
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