15467 Dixie HwyMonroe, MI 48161

Property Details for 15467 Dixie Hwy

Lot size

0.14 AC

Property size (Sq ft)

1,092 SF

Property type

Office buildings

APN

12-215-015-00

APU

1221501500

Description

This vacant, 1,092 square foot Class B executive office building presents a compelling investment opportunity in Monroe, Michigan. Located at 15467 S Dixie Highway, this freestanding structure sits on a 0.14-acre lot and offers excellent visibility due to its prime location on a busy thoroughfare. The property is available for a NNN lease. The surrounding area boasts strong demographics, with a population of 9,518 within a one-mile radius and average household incomes exceeding $70,000 within a five-mile radius. A thriving business community, including 264 businesses within one mile and a substantial daytime population of 8,371, further enhances the property's investment potential. This is an ideal opportunity for an owner-occupier or investor seeking a high-visibility location in a growing market. The property is currently vacant, allowing for immediate occupancy and customization to suit a new tenant's needs. The asking price is $199,000. This represents a significant opportunity to acquire a well-situated commercial property in a desirable location. Don't miss this chance to establish your business in a vibrant and growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $186,937

  6.5%

  $172,557

  7%

  $160,232

• Comparable approach

  Method

  Valuation

  Relative Method

  $102,146

  Geo Method

  $102,146

• Alternative Use

  Use

  Valuation

  Residential

  $213,971

  Hospitality

  $195,996

  Educational

  $163,067

  Medical

  $168,675

  Retail

  $253,659

Location Insight

City

Monroe

County

Monroe

State

Michigan

Latitude

41.9023

Longitude

-83.4101

CBSA code

33780

CBSA name

MONROE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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