800 Cole Rd Monroe, MI 48162
For Sale
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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.
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
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.