1751 Monroe StDearborn, MI 48124

  • Commercial land
  • 0.16 AC
For Sale
$749,000 View listing

Property Details for 1751 Monroe St

Lot size
0.16 AC
Zone code
OS
Property type
Commercial land
APN
82 09 223 35 003
APU
820922335003

Description

This stunning 2023-built, two-story building offers 3,400 square feet of versatile commercial space in West Dearborn's thriving business district. Ideally suited for a variety of uses, including executive, medical, or traditional office spaces, this property boasts high-end construction materials throughout. The interior features cement flooring and two bathrooms. Adding to its unique appeal are two large rear garage doors and a rear basketball court, offering potential for expansion or creative repurposing. Situated on a 6,900 square foot lot, this mixed-use property presents a compelling investment opportunity. The building's location near Downtown Dearborn provides excellent accessibility and visibility. Land contract terms are available. This exceptional property is ready for immediate occupancy and offers a rare blend of modern amenities and flexible space. The asking price is $749,000, with a price per square foot of $220.29. Don't miss this chance to own a premium commercial property in a prime Dearborn location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,365,732
    Hospitality
    $1,251,003
    Educational
    $1,040,820
    Medical
    $1,076,616
    Retail
    $1,619,053

Location Insight

City
Dearborn
County
Wayne
State
Michigan
Latitude
42.2999
Longitude
-83.2435
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, 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
$11,250
-
-
$256,900
-
-
-
$513,800

FAQs

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