Property profile

2784 Monroe St Monroe, MI 48162

FOR SALE
Retail space
Property ID
US43-0169714
1,296 SF 1 ac lot
Individually Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial land parcel, located at 2784 N Monroe in Monroe, Michigan, presents a unique investment opportunity. The property boasts a substantial 43,560 square foot lot, offering significant potential for various commercial ventures. Its prime location ensures excellent visibility and accessibility, making it an ideal site for businesses seeking high traffic exposure. While the existing building is 1296 square feet, the primary value lies in the expansive land area. The property includes a fenced area and on-site parking, adding to its practicality and appeal. The current tenant lease will be assumed by the buyer, providing immediate potential rental income. The property is zoned for commercial use and is situated in the thriving Monroe, MI, 48162 zip code. This is a rare chance to acquire a sizable commercial lot in a desirable location, offering significant upside for the astute investor. The asking price is $325,000. Serious inquiries only.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 1,296 SF
Lot 1 ac (43,560 SF)
APN 07-353-020-00
UPID US43-0169714

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Wash

Location

2784 Monroe St Monroe, MI 48162
Monroe metro Census 831300 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
by Request
Blend (final) Blend
$130k

Owner & transaction history

since 2020
Last sale
$120,000
6 recorded transactions
2020
$120,000
2016
$155,000
2016
Price N/A
2013
Price N/A
2013
Price N/A
1969
Price N/A

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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