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Property profile & analytics
FOR SALE
Grocery and convenience stores

800 Cole Rd Monroe, MI 48162

2,550 SF 0.38 ac lot
Individually Owned Absentee Owner Free & Clear
Property ID
US43-0513116
Property summary
AI-generated overview

This 16,552 square foot commercial lot, located at 800 Cole Street in Monroe, Michigan, 48162, is offered for sale at $149,900. The property is zoned for special purpose use and presents a multitude of development possibilities. Previously occupied by a party store, the site benefits from its high-traffic location, making it ideal for a variety of commercial ventures. Potential uses include, but are not limited to, office space or a medical facility. Some equipment may be available for purchase. The property is also available for lease at a monthly rate of $1,700, and a land contract option is available for qualified buyers. This presents a unique opportunity for investors seeking a versatile property in a prime Monroe location. The property's size and location make it an attractive investment for entrepreneurs and businesses looking to establish a presence in a busy commercial area. The building's past use as a party store demonstrates its suitability for retail or service-based businesses. Serious inquiries are encouraged to explore this promising commercial land opportunity.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Total area 2,550 SF
Lot 0.38 ac (16,553 SF)
APN 07-799-036-00
UPID US43-0513116
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
NAWAL C QASSIS
NAWAL C QASSIS
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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