0 Mall Road
Monroe, MI 48162
Land · MLS # 57050218200 · Listing courtesy of Wiens And Roth Real Estate - Lambertville
About this home
The subject property consists of 23.6 acres of unimproved land addressed as 0 Mall Road in Frenchtown Township, Monroe County, Michigan (ZIP 48162). The parcel is situated within a growing residential corridor and carries R-3-B zoning designation, a classification that permits a wide range of residential density and select institutional uses - a combination that distinguishes this site from more restrictively zoned land in the region. The raw, undeveloped character of the tract ensures that a buyer inherits no legacy improvements to remediate or demolish, allowing capital to be deployed directly toward entitlement and construction. The site's 23.6-acre footprint offers meaningful density potential for a developer pursuing multifamily or townhouse development. At typical suburban densities for the Monroe County market, the land could support a substantive number of residential units, the precise count of which would be refined through site planning and township review. The parcel's scale also makes it suitable for subdivision into single-family lots, or a phased mixed-product development combining attached and detached housing. Beyond straight residential development, the R-3-B designation creates optionality for a developer to pursue conditional use approvals for senior housing or assisted living - product categories experiencing significant demand growth across Michigan as the population ages. Child-care facilities, churches, schools, and public institutional buildings are similarly available through the conditional use process, enabling the site to anchor a broader community-serving development.
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Monroe
Over the last 90 days, 170 homes sold in Monroe for a median of $225,000, about $149 per square foot, and the typical one went under contract in 10 days. This home is listed at $1,100,000, and has been on the market 1 day. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Monroe sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $27,092 a year. A buyer who lives here would pay about $17,288 a year once the taxable value resets after the sale, at the 2025 homestead rate of 31.12 mills for Frenchtown Twp and Monroe schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Monroe
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