1776 Monroe StMonroe, MI 48162

  • Commercial land
  • 10.60 AC

Property Details for 1776 Monroe St

Lot size
10.60 AC
Property type
Commercial land
APN
07-353-015-01
APU
735301501

Description

This exceptional 10-acre parcel, located at 1776 & 1818 North Monroe Street in Monroe, Michigan (zip code 48162), presents a remarkable opportunity for developers. The property boasts significant frontage and enjoys a highly desirable location in the heart of Monroe, offering easy access to major transportation arteries including US-24, I-75, and I-275. Preliminary site plan approval for multifamily development is already in place, streamlining the development process. The expansive acreage allows for a variety of potential uses beyond multifamily, including medical facilities, retail spaces, or office buildings. The strategic location makes this site particularly well-suited for senior housing or other multifamily residential projects. Given its size and prime location, this property represents a rare and valuable investment opportunity in a thriving Michigan community. The property's latitude and longitude coordinates are 41.9404054 and -83.3864299 respectively. The county is Monroe County. This is a land sale, classified as multifamily.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $90,474,560
    Hospitality
    $82,874,208
    Educational
    $68,950,368
    Medical
    $71,321,680
    Retail
    $107,256,128

Location Insight

City
Monroe
County
Monroe
State
Michigan
Latitude
41.9406
Longitude
-83.3855
CBSA code
33780
CBSA name
MONROE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,804
-
-
$191,000
-
-
-
$382,000

FAQs

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