1395 Telegraph RdMonroe, MI 48162

Property Details for 1395 Telegraph Rd

Year built

1978

Lot size

0.92 AC

Property size (Sq ft)

5,690 SF

Property type

Turn key restaurants

APN

07-945-003-20

APU

794500320

Description

This exceptional 5,782 sq ft storefront, located at 1395 N Telegraph Rd in Monroe, MI (48162), is available for $1,500,000. Currently 100% occupied by a restaurant (vacating soon), this Class C property sits on a 0.92-acre lot (APN: 07 945 003 20) and offers a 6.00% cap rate. The single-tenant, NNN-leased building enjoys a prime location directly across from Monroe Mall, benefiting from high visibility and traffic on busy US-24. Its excellent condition and spacious layout present a remarkable redevelopment opportunity for visionary entrepreneurs. The property's easy access and proximity to numerous national chain restaurants create a dynamic and attractive environment for businesses. This is a rare chance to acquire a versatile space in a sought-after commercial area, poised for significant future growth. The property is offered as a fee simple ownership by an LLC. The building is currently vacant and ready for immediate redevelopment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,431,867

  6.5%

  $1,321,724

  7%

  $1,227,315

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,341,251

  Geo Method

  $1,341,251

• Alternative Use

  Use

  Valuation

  Residential

  $1,114,923

  Hospitality

  $1,021,264

  Educational

  $849,680

  Medical

  $878,901

  Retail

  $1,321,724

Location Insight

City

Monroe

County

Monroe

State

Michigan

Latitude

41.9409

Longitude

-83.4057

CBSA code

33780

CBSA name

MONROE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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