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Property profile & analytics
OFF-MARKET
Commercial real estate

80 Jerome St Monroe, MI 48161

0.78 ac lot
Property ID
US43-0979810
Property summary
AI-generated overview

This exceptional 0.78-acre (142ft x 240ft) development site in Monroe, Michigan, is offered at $25,000. Zoned R-3, it's ideally situated for multifamily construction, boasting convenient access to downtown Monroe. The property is located just two blocks from Soldiers and Sailors Park and the River Raisin, offering a desirable blend of urban convenience and natural beauty. All necessary utilities are readily available, simplifying the development process. The site's municipal ownership and APN 4900670000 provide clear title and ease of transaction. This presents a unique opportunity for investors and developers seeking a prime location for a multifamily project in a thriving Michigan community. The address is 80 Jerome St, Monroe, MI 48161. This is a rare chance to acquire a well-positioned parcel ready for immediate development. The property's proximity to downtown amenities and recreational areas makes it particularly attractive. Don't miss this chance to build in a vibrant and growing area.

Property profile
Verified
Property type Commercial real estate
Lot 0.78 ac (33,977 SF)
APN 4900670000
UPID US43-0979810
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
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CAP Approach CAP
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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