For Sale
$499,900

1038 Telegraph Rd Monroe, MI 48162

High-visibility office building, great ROI

Overview

Added:
Feb 3
Days on market:
73
This exceptional 5,768 square foot industrial office center in Monroe, MI, is strategically located on US-24, boasting high visibility with a daily traffic count exceeding 30,000 vehicles. The property sits on a 0.44-acre lot and features three 2,000 square foot suites, currently two of which are leased to an insurance office and a veterinary clinic, generating a substantial potential annual rental income of $66,000. The building offers ample parking and a prominent pole sign for enhanced brand visibility. The current Net Operating Income (NOI) stands at $45,480, presenting a strong return on investment. This property is situated within an Opportunity Zone, offering potential tax advantages. The building's prime location and existing tenancy make it an attractive investment opportunity for those seeking a stable income stream and significant upside potential. The existing tenants provide a solid foundation for continued growth and profitability. The property's size and layout offer flexibility for future expansion or adaptation to meet evolving business needs. This is a rare opportunity to acquire a well-established and profitable commercial property in a high-traffic area. The combination of strong tenancy, high visibility, and Opportunity Zone designation makes this a compelling investment proposition.

Property Details for 1038 Telegraph Rd

Property type
Industrial properties
Square Feet
5,768 SF
Year Built
1919
Lot Size (sq. ft)
19,166 SF

Location Insight

City
Monroe
County
Monroe
State
Michigan
Latitude
41.9351
Longitude
-83.408
1038 Telegraph Rd, Monroe, Michigan

FAQs

What type of property is this?
Industrial property - High-visibility office building, great ROI
Where is the industrial property located?
The property is located at 1038 Telegraph Rd Monroe, MI.
What is the asking price?
The asking price for this property is $499,900.
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1038 Telegraph Rd
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