704 N Telegraph Rd, Monroe, MI 48162
For Sale
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This exceptional 0.44-acre agricultural land parcel presents a unique investment opportunity in Monroe, Michigan. Located at 704 N Telegraph, this vacant site boasts unparalleled potential for commercial, retail, or mixed-use development. The previous structure has been removed, offering a clean slate for your vision. Benefitting from a prime location, the property enjoys exceptional visibility and accessibility, with over 30,000 vehicles passing daily. Its strategic position, just one mile north of the River Raisin and immediately south of a thriving retail and restaurant corridor, ensures high traffic and customer exposure. Nearby establishments include major retailers such as Meijer, Walmart, Lowe's, and Staples, as well as popular restaurants like Culver's, McDonald's, Dairy Queen, and Five Guys. The Monroe City Municipal Authority actively encourages development of this site, making it a highly attractive prospect for investors seeking a high-traffic, high-visibility location in a rapidly growing area. The property is zoned for agricultural use and offers 0.44 acres of buildable land in the 48162 zip code. This is an exceptional opportunity to capitalize on a prime location with significant development potential.
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LaRoy Door Sales & Services Building Supply General Contractor
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
R-1A · Monroe, MIMonroe. Always verify with local authorities before improvements.
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.