833 N Telegraph Road
Monroe, MI, 48161 $ 319,900
Baths0.0 Sq 2,000 Monthly Estimate*
$ 2,235
Studio
for $319,900. This 2,000 square foot building was built on a lot size of 1.32.
The subject property under consideration encompasses a single legal parcel spanning approximately 1.36 acres, characterized by a mix of clear and lightly wooded terrain. Situated prominently along North Telegraph Road, a thoroughfare boasting a notable Annual Average Daily Traffic (AADT) volume of 24,096 vehicles, the parcel holds strategic commercial potential. Currently housing a structure utilized by the Monroe County Humane Society, the building's functional obsolescence and incongruence with the prevalent commercial profile of the surrounding properties delineate opportunities for redevelopment aligned with market demand. Notably, the property adjoins a Sonic Drive-In to the south and a compact two-unit strip mall to the north, embedding it within an established commercial enclave. Physically, the parcel assumes a narrow and rectangular configuration, with frontage directly abutting North Telegraph Road. While the frontage area predominantly features clear terrain conducive to commercial activities, the rear portion is characterized by a lightly wooded expanse, lending potential for landscaping or auxiliary developments. Of significance is the administrative delineation within the property, with the border between Frenchtown Township and the City of Monroe traversing its center. Despite this geographic division, administrative functions such as recording, taxation, and assessment are administered exclusively by the City of Monroe, underscoring its municipal affiliation. Regarding environmental considerations, the property's exclusion from Special Flood Hazard Areas, as delineated by the FEMA Flood Map Service Center, augments its desirability from a risk mitigation standpoint. Moreover, the availability of essential utilities including electric, natural gas, public water, and sewer services further enhances its development feasibility. In sum, the subject property presents a compelling investment opportunity poised at the intersection of strategic location, commercial potential, and favorable municipal and environmental attributes.
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FeaturesGeneralWater Public Water
Status Active Active
Parking 6-10 Spaces
County Monroe
Class COM/IND/BUS OPP
Type Commercial/Industrial
Percent Ownership Private
Municipality Monroe
Zoning Commercial
Subdivision MI
Area Monroe (58026)
Primary City Monroe
Directions North on Telegraph (US-24) at N Telegraph and Frederdicks
City Monroe
Street Name Telegraph
Financial Terms Cash Conventional
Legal Description COLBY PLACE LOTS 10 & 11
DOM 9
Postal Code 48162
Price Per Sq Ft Total 159.95
Coming Soon The subject property under consideration encompasses a single legal parcel spanning approximately 1.36 acres
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ExteriorFrontage 114
Lot Size Area 1.32
Lot Dimensions 114 x 524
Waterfront Y/N No
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* Excluded FeaturesList ByColdwell Banker Haynes R.E. - MonroeBroker
colemcnew@icloud.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,235
- Monthly Property Taxes
- $708
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Monroe, MI
Average List Price $229,224
Percent of Sale Price 28%
About Monroe, MI 20,059 Population
-7% Since 2002
$ 43,524 Median Income
37.98 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
5/8/2024 | $319,900 | | Listed Price |