1038 Telegraph RdMonroe, MI 48162

Property Details for 1038 Telegraph Rd

Year built

1945

Construction

WOOD FRAME

Lot size

0.44 AC

Property size (Sq ft)

3,948 SF

Zone code

R-1A

Property type

Commercial real estate

APN

55-69-00747-000

APU

556900747000

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $773,588

  Hospitality

  $708,603

  Educational

  $589,549

  Medical

  $609,825

  Retail

  $917,076

Location Insight

City

Monroe

County

Monroe

State

Michigan

Latitude

41.9351

Longitude

-83.4079

CBSA code

33780

CBSA name

MONROE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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