1776 N Monroe Street
Monroe, MI 48162
Land · MLS # 57050175366 · Listing courtesy of Coldwell Banker Haynes Real Estate Commercial
About this home
An exceptional opportunity awaits with this 10.60 acre parcel of vacant commercial land, ideally situated just minutes from I-75, I-275, and the Telegraph Road shopping corridor. This shovel ready site has been surveyed and features previously approved site plans for an 84 unit condominium development, thoughtfully designed across 14 buildings with 6 units per building. Zoned commercial and strategically located in a rapidly growing area, this property offers outstanding potential for residential, mixed-use, or commercial development. Whether you're a seasoned builder or an investor seeking your next project, this site provides the infrastructure to hit the ground running.
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 $450,000, and has been on the market 311 days. 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 $9,191 a year. A buyer who lives here would pay about $9,926 a year once the taxable value resets after the sale, at the 2025 homestead rate of 43.68 mills for Monroe City 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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