Property profile

940 Monroe St Dearborn, MI 48124

OFF-MARKET
Grocery and convenience stores
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Property ID
US43-0524477
3,200 SF 0.08 ac Built 1925
Last sale Jan 2020·$500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$14k
Tax billed · 2023
Assessed value · 2024$228k
Effective rate6.15%

Value estimate

· Nov 2026
$550k
$495k – $605k
CAP approach$605k
Submarket $/SF estimate$513k

Realmo valuation models over county records and 20 qualifying comparable sales.

Recently sold

What actually traded nearby?
$117/SF
Submarket average, outlier-cleaned · 52 recorded sales of this use type
Observed band · Q1–Q3$77 – $160
Qualifying comparables20

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BC
R-D, AND R-E MULTIPLE FAMILY RESIDENTIAL DISTRICTS[1] ARTICLE 13.00 - O-S, BUSINESS OFFICE DISTRICT[1] ARTICLE 14.00 - B-A, LOCAL BUSINES...
General categoryCOMMERCIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Kitchen & Bath
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Kitchen & Bath12.2
Electrical Service11.4
Barber Shop10.7

Location

940 Monroe St Dearborn, MI 48124-2310
County assessor Recorded deeds · 5 transfers 20 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3700 Monroe, Dearborn, MI 48124-3620 $500,000 Jul 2024 2,366 SF
2731 Monroe, Dearborn, MI 48124-3017 $700,000 Apr 2023 2,633 SF
3815 Telegraph, Dearborn, MI 48124-3245 $250,000 Sep 2022 2,379 SF
1911 Monroe, Dearborn, MI 48124-2916 $300,000 Jan 2022 3,880 SF
2515 Monroe, Dearborn, MI 48124-3013 $515,000 Aug 2021 3,802 SF
2807 Monroe, Dearborn, MI 48124-3474 $200,000 Feb 2019 2,355 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Includes: Price & PSF · Cap rate · Location · Zoning

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