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    FOR SALE
    Auto shops

    704 N Telegraph Rd, Monroe, MI 48162

    2,848 SF 0.88 ac lot Built 1967
    Entity Owned 12-yr Hold Free & Clear
    Property ID
    US43-0031153
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1967
    Total area 2,848 SF
    Lot 0.88 ac (38,507 SF)
    Zoning code R-1A
    APN 55-69-00721-000
    UPID US43-0031153
    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
    • LaRoy Door Sales & Services Building Supply General Contractor
    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
    Twin Solutions LLC · 12 yrs held
    Twin Solutions LLC
    since 2014
    4 recorded transactions
    2014
    $71,500
    2012
    $1
    2007
    $275,000
    2005
    $260,000
    Zoning & alternative use
    R-1A · Monroe, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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