546 Telegraph RdMonroe, MI 48161

Property Details for 546 Telegraph Rd

Year built

1947

Construction

WOOD FRAME

Lot size

0.87 AC

Property size (Sq ft)

9,692 SF

Zone code

R-1A

Property type

Turn key restaurants

APN

55-19-00162-000

APU

551900162000

Description

This 9,692 square foot industrial property located at 546 S TELEGRAPH, Monroe, MI, presents a unique opportunity for business acquisition. Currently operating as Jazzy Steakburger, this established restaurant boasts brand-new equipment and a fully stocked inventory, allowing for immediate operation. The sale includes the existing business, eliminating the need for extensive start-up costs and permitting processes. The property sits on a 0.87-acre lot and is available for $249,900. The current lease is a Triple Net lease with 10 years remaining, plus a 3-year option to renew. Monthly rent is $4,000. The restaurant operates Monday through Saturday, 11 AM to 7 PM, extending hours to 8 PM during the summer months, catering to a consistent customer base. The seller is motivated and open to offers, and is willing to provide training to ensure a smooth transition. Detailed financial information is available upon execution of a Non-Disclosure Agreement (NDA). This turnkey operation offers a significant advantage for prospective buyers seeking a profitable and established business venture. Don't miss this chance to acquire a thriving business with a long-term lease in a desirable location. Schedule a showing today.

• CAP approach

  CAP return

  Valuation

  6%

  $2,438,956

  6.5%

  $2,251,344

  7%

  $2,090,533

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,284,606

  Geo Method

  $2,284,606

• Alternative Use

  Use

  Valuation

  Residential

  $1,899,093

  Hospitality

  $1,739,559

  Educational

  $1,447,292

  Medical

  $1,497,067

  Retail

  $2,251,344

Location Insight

City

Monroe

County

Monroe

State

Michigan

Latitude

41.919

Longitude

-83.4175

CBSA code

33780

CBSA name

MONROE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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