1004 W Elm Ave
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1004 W Elm Ave
3,608 SF 100% Leased Retail Building Monroe, MI 48162 £3,442,779 (£954/SF)
Investment Highlights
- 2 locations included in listing price
- Freestanding building included for additional rental income
- 1,152 square-foot house included
Executive Summary
These two grocery stores have been family-owned and operated for three generations. The current owners have operated both locations for the past 26 years. It is not a franchise, and both places are being sold together. Also included in the asking price is a 1,152-square-foot house behind the store and a freestanding 435-square-foot building that can be rented for additional income.
Store #1 details:
-8,192 square-feet
-18-20 employees
-Liquor license included
-New produce cases in 2018
-8 compressors replaced in the past 5 years
-Equipment: 2 bandsaws, 3 slicers, large grinder, double convection oven floor cleaning machine
Store #2 details:
-5,808 square-feet
-10-12 employees
-Equipment: 1 bandsaw, 2 slicers, large grinder, single convection oven, gas stove
Store hours: Monday - Saturday 9am-6pm and Sunday 10am-2pm
Store #1 details:
-8,192 square-feet
-18-20 employees
-Liquor license included
-New produce cases in 2018
-8 compressors replaced in the past 5 years
-Equipment: 2 bandsaws, 3 slicers, large grinder, double convection oven floor cleaning machine
Store #2 details:
-5,808 square-feet
-10-12 employees
-Equipment: 1 bandsaw, 2 slicers, large grinder, single convection oven, gas stove
Store hours: Monday - Saturday 9am-6pm and Sunday 10am-2pm
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
3,608 SF
Building Class
C
Year Built
1939
Price
£3,442,779
Price Per SF
£954
Percent Leased
100%
Number of Floors
1
Building FAR
0.18
Lot Size
0.46 AC
Zoning
C-2
Parking
26 Spaces (7.21 Spaces per 1,000 SF Leased)
About 1004 W Elm Ave , Monroe, MI 48162
Two stores totaling 14,000 square feet, a 1,152-square-foot house, and an additional 435-square-foot freestanding building.
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 55-69-01148-000 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £169,901 |
PROPERTY TAXES
Parcel Number
55-69-01148-000
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£169,901
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1004 W Elm Ave
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