80 Jerome St Monroe, MI 48161
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.