Property profile

2390 Telegraph Rd Monroe, MI 48162

OFF-MARKET
Warehouses
Property ID
US43-0589203
5,000 SF 1 ac lot Built 1985
Individually Owned 1-yr Hold ~ Est. High Equity
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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

Location

2390 Telegraph Rd Monroe, MI 48162-8902
Monroe metro Census 831100 MONROE, MI METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2024
2 recorded transactions
2024
$246,000
2020
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $455,000 +47.8%
Commercial (general) $425,000 +36.9%
Restaurant $400,000 +29.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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