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    FOR SALE
    Retail space

    2784 N Monroe St, Monroe, MI 48162

    1,296 SF 1 ac lot
    Individually Owned 5-yr Hold Free & Clear
    Property ID
    US43-0169714
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Auto Exclusive Detailing Car Wash
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Gjini Drini · 5 yrs held
    Gjini Drini
    since 2020
    Last sale
    $120,000
    6 recorded transactions
    2020
    $120,000
    2016
    $155,000
    2016
    2013
    2013
    1969
    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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