For Sale
$374,900

546 Telegraph Rd Monroe, MI 48161

Established Restaurant, 9,692 SF, Great Location

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional Monroe, MI retail property, located at 546 S Telegraph Rd, presents a unique turnkey business opportunity. The 9,692 square foot building, constructed in 1947, sits on a 0.87-acre lot and is zoned for commercial use. The property features a single story and is currently operating as a successful restaurant, including all equipment and inventory. The existing lease has 10 years remaining with a 3-year option to renew, and is a Triple Net lease with a current monthly rent of $4,000. The property's asking price is $374,900, translating to $39 per square foot. Operating hours are Monday through Saturday, 11 AM to 7 PM, extending to 8 PM during summer months. The seller is willing to provide training to ensure a smooth transition. Detailed financial information is available upon execution of a Non-Disclosure Agreement. The property's APN is 5855OF00032009. This is an ideal opportunity for an entrepreneur seeking an established business with significant remaining lease term. Don't miss this chance to acquire a profitable, turnkey operation in a prime location.

Property Details for 546 Telegraph Rd

Property type
Retail properties
Square Feet
9,692 SF
Year Built
1947
Stories
1
Lot Size (sq. ft)
37,897 SF

Location Insight

City
Monroe
County
Monroe
State
Michigan
Latitude
41.9189922
Longitude
-83.4174938
546 Telegraph Rd, Monroe, Michigan

FAQs

What type of property is this?
Retail property - Established Restaurant, 9,692 SF, Great Location
Where is the retail property located?
The property is located at 546 Telegraph Rd Monroe, MI.
What is the asking price?
The asking price for this property is $374,900.
How can I contact the broker?
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546 Telegraph Rd
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