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    Property profile & analytics

    2784 N Monroe St Monroe, MI 48162

    • Retail space
    • 1,296 SF
    • 1.00 lot acres
    For Sale
    View listing
    $325,000
    Value Estimation
    Last Sale
    Nov 05, 2020
    $120,000
    Location Intelligence
    Property ID
    US43-0169714
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Auto Exclusive Detailing / Car Detailing Service / Carpet Cleaning Service

    Property Details for 2784 N Monroe St

    Lot size
    1.00 lot acres
    Property size
    1,296 SF
    Property type
    Retail space
    APN
    07-353-020-00
    APU
    735302000

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $130,000

    • CAP approach

      CAP return
      Estimation
      6%
      $90,000
      6.5%
      $95,000
      7%
      $90,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $90,000
      Geo Method
      $100,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $105,000
      Retail
      $100,000
      Mixed-Use
      $95,000
      Hospitality
      $90,000
      Educational
      $90,000
      Residential Income
      $120,000
      Energy
      $100,000
      Income-Based Land
      $95,000
      Food Service
      $120,000

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.378
    Latitude
    41.9546
    CBSA code
    33780
    CBSA name
    MONROE, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,624
    $0.00
    $0.00
    $74,000
    -
    $0.00
    $0.00
    $148,000

    Comparable in this City

    • Value Estimation by Request
      640 SF

      2950 Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES) • 640 SF
      2950 Dixie Hwy, Monroe, MI 48162-5218
      View Details
    • Value Estimation by Request
      4,248 SF

      6506 Monroe St

      RETAIL STORES (PERSONAL SERVICES) • 4,248 SF
      6506 Monroe St, Monroe, MI 48162-9462
      View Details
    • Value Estimation by Request
      6,810 SF

      905 Telegraph Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,810 SF
      905 Telegraph Rd, Monroe, MI 48162-5132
      View Details
    • Value Estimation by Request
      4,520 SF

      1096 Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES) • 4,520 SF
      1096 Dixie Hwy, Monroe, MI 48162-2547
      View Details
    • Value Estimation by Request
      8,140 SF

      1240 Huber Dr

      RETAIL STORES (PERSONAL SERVICES) • 8,140 SF
      1240 Huber Dr, Monroe, MI 48162-5109
      View Details
    • Value Estimation by Request
      3,000 SF

      1121 Telegraph Rd

      Individual retail properties • 3,000 SF
      1121 Telegraph Rd, Monroe, MI 48162
      View Details

    Similar Nearby for Sale

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      2.00 Acres

      Monroe Street Redevelopment Opportunity

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    Similar Nearby for Lease

    • $23 SF/Yr
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      Renovated Commercial Space in Monroe

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    2784 N Monroe St
    Monroe, MI 48162
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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