14930 Laplaisance RdMonroe, MI 48161

Property Details for 14930 Laplaisance Rd

Year built

1987

Lot size

17.01 AC

Property size (Sq ft)

74,314 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

12-020-261-11

APU

1202026111

Description

This exceptional 74,152 square foot retail strip center, located at 14930 Laplaisance Road in Monroe, Michigan, presents a unique investment opportunity. Situated on a generous 16.11-acre lot, this property offers multiple tenancy options, with spaces ranging from a minimum of 446 square feet to a maximum contiguous space of 5,280 square feet. Built in 1989 and zoned for commercial use, the property boasts 14 available spaces, making it ideal for a variety of retail businesses. The center is conveniently located in the Ann Arbor submarket of Monroe County, offering excellent access to a thriving consumer base. The property's below-market lease rates represent a compelling value proposition for prospective tenants. Furthermore, the expansive lot size presents the potential for outlot development, adding significant future value. This property is an excellent opportunity for investors seeking a strong return in a desirable location. The property is located in Monroe, MI, zip code 48161. The property's zoning is commercial.

• CAP approach

  CAP return

  Valuation

  6%

  $18,700,842

  6.5%

  $17,262,314

  7%

  $16,029,292

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,517,356

  Geo Method

  $17,517,356

• Alternative Use

  Use

  Valuation

  Residential

  $14,561,408

  Hospitality

  $13,338,172

  Educational

  $11,097,202

  Medical

  $11,478,852

  Retail

  $17,262,314

Location Insight

City

Monroe

County

Monroe

State

Michigan

Latitude

41.8873

Longitude

-83.3939

CBSA code

33780

CBSA name

MONROE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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