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FOR SALE
Manufacturing properties
6820 Monroe Blvd, Taylor, MI 48180
Entity Owned
3-yr Hold
Free & Clear
Property ID
US43-0049713
For Sale
1 / 5
$3,000,000
6820 Monroe Blvd, Taylor, MI 48180
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Property summary
AI-generated overview
This exceptional 6,070 square foot retail building, located at 6820 Monroe Boulevard in Taylor, Michigan (48180), presents a unique investment opportunity. Built in 1947, this single-story structure sits on a parcel with APN 60-008-99-0021-700 and is zoned for retail dispensary use. The asking price is $3,000,000, translating to $494.23 per square foot. The property boasts ample parking and is strategically positioned as one of the few non-industrial park locations near the retail-centric Ecorse Road. The City of Taylor is anticipated to adopt a recreational cannabis ordinance in Spring 2023, making this a prime location for cannabis-related businesses. This is a cash sale only
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1947
Total area
6,180 SF
Lot
0.3 ac (13,068 SF)
Zoning code
I-1
APN
60 008 99 0021 700
UPID
US43-0049713
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
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
Essex Hybrid Seed Company INC · 3 yrs held
Essex Hybrid Seed Company INC
since 2022
Last sale
$450,000
7 recorded transactions
Zoning & alternative use
I-1 · Taylor, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Taylor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Taylor submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,758
Tax year 2023
Assessed value
$79,200
Assessed 2024
Previous assessed
$79,200
+0.0% YoY
Effective rate
6.01%
On assessed value
Total market value
$158,400
Applied tax rate
82,150.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1947
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
6,180 SF
Lot
0.3 ac (13,068 SF)
Zoning code
I-1
APN
60 008 99 0021 700
UPID
US43-0049713
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Taylor, MI
Zoning I-1 · permitted uses
I-1 · Taylor, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Taylor. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1947
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Essex Hybrid Seed Company INC
Entity
Free & Clear · 3 yrs held
Mailing address
6820 MONROE BLVD, TAYLOR, MI 48180-1870
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2022
—
Essex Hybrid Seed Company INC
City Of Taylor
Warranty Deed
—
May 21, 2020
$450,000
Essex Hybrid Seed Company INC
Maz Ent LLC
Warranty Deed
—
Feb 22, 2019
$190,000
Maz Ent LLC
Gomah,toufik H
Warranty Deed
—
Nov 29, 2017
—
Maz Ent LLC
Gomah,toufik H
Quit Claim Deed
—
Oct 15, 2015
$100,100
Toufik H Gomah
Hgj Properties LLC
Warranty Deed
—
Jul 7, 2011
—
Hgj Propertiese LLC
Budnick,jeffrey
Warranty Deed
—
Jan 20, 2011
—
Jeffrey Budnick
Budnick Gary J
Quit Claim Deed
related
—
Mar 28, 2008
$170,000
Gary J Budnick
Reed,roger L
Warranty Deed
—
—
—
International Transmission Co
—
Loan Modification
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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