2784 N Monroe St, Monroe, MI 48162
For Sale
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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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.