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    FOR SALE
    Outlet malls

    2600 N Monroe St, Monroe, MI 48162

    4,416 SF 1.62 ac lot Built 1983
    Entity Owned 9-yr Hold Free & Clear
    Property ID
    US43-1096973
    Property summary
    AI-generated overview

    This exceptional 1.62-acre commercial property in Monroe, Michigan, presents a unique investment opportunity. Located on highly visible M-125 (N Monroe St) in Frenchtown Township, the property features a 4,416 square foot building constructed in 1983. The building, currently configured as a single-tenant space, offers versatile floor plans suitable for a variety of uses. Previous occupants have included retail, warehouse, distribution, and office operations, highlighting the adaptability of the space. A key feature is the inclusion of a truck well, making it particularly well-suited for businesses requiring efficient loading and unloading capabilities. The property's strategic location offers high visibility and is conveniently situated just two miles from a major retail and restaurant corridor, providing excellent access to customers and employees. This prime location ensures strong potential for both retail businesses seeking high foot traffic and warehouse/distribution operations needing easy access to transportation routes. The property's robust infrastructure and adaptable layout make it an ideal investment for entrepreneurs seeking a strategic location to establish or expand their business. This is a rare opportunity to acquire a well-positioned commercial property with significant potential for growth and profitability.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 1983
    Total area 4,416 SF
    Lot 1.62 ac (70,567 SF)
    APN 07-353-003-00
    UPID US43-1096973
    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
    Current use
    Occupant on record · Public records
    • Sunny's Pools & More Monroe Spa & Massage Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Kevlen Group LLC · 9 yrs held
    Kevlen Group LLC
    since 2017
    3 recorded transactions
    2017
    2012
    $80,000
    2012
    $80,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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