119 Waterstradt Commerce DrDundee, MI 48131

Property Details for 119 Waterstradt Commerce Dr

Year built

2000

Lot size

2.89 AC

Property size (Sq ft)

24,800 SF

Property type

Retail properties

Property subtype

Community centers

APN

42-040-711-30

APU

4204071130

Description

This exceptional commercial property, Dundee Marketplace, offers a variety of office spaces ideal for businesses seeking high visibility and convenient access. Located at 119 Waterstradt Commerce Dr, Dundee, MI 48131, this single-tenant property boasts a total of 24,800 square feet situated on 2.9 acres of land in Monroe County. The available suites range from 1,800 to 3,000 square feet, catering to diverse business needs. The property's strategic location provides unparalleled exposure, with over 100,000 vehicles passing daily on US-23, offering direct visibility to the site. This prime location benefits from significant ongoing development in the surrounding area, including the recently completed Hampton Manor Senior Home and numerous condo and apartment projects currently underway. This makes Dundee Marketplace an attractive option for businesses looking to capitalize on a thriving and expanding community. The property is suitable for a variety of office uses, including traditional, medical, creative, executive, and coworking spaces. Lease terms are NNN. Don't miss this opportunity to establish your business in a high-traffic, rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $6,240,828

  6.5%

  $5,760,764

  7%

  $5,349,280

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,845,876

  Geo Method

  $5,845,876

• Alternative Use

  Use

  Valuation

  Residential

  $4,859,420

  Hospitality

  $4,451,202

  Educational

  $3,703,348

  Medical

  $3,830,712

  Retail

  $5,760,764

Location Insight

City

Dundee

County

Monroe

State

Michigan

Latitude

41.9571

Longitude

-83.6736

CBSA code

33780

CBSA name

MONROE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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