$319,900
833 N Telegraph Road Monroe, MI 48161
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$319,900
Est. payment /mo
2,000 SqFt
Active
833 N Telegraph Road Monroe, MI 48161
UPDATED:
09/03/2024 02:34 PM
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $159
Subdivision Mi
MLS Listing ID 50141351
Year Built 1910
Annual Tax Amount $8,495
Lot Size 1.320 Acres
Acres 1.32
Lot Dimensions 114 x 524
Property Description
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.
Location
State MI
County Monroe
Area Monroe (58026)
Zoning Commercial
Exterior
Garage 6-10 Spaces
Waterfront No
Building
Water Public Water
Others
Ownership Private
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Coldwell Banker Haynes R.E. in Monroe
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