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South Monroe Plaza 15215-15261 S Dixie Hwy

90,000 SF 61% Leased Retail Building Monroe, MI 48161 £2,349,900 (£26/SF)

Investment Highlights

  • Conveniently located between I-75 and Telegraph Rd (M-24)

Executive Summary

• 73,000 SF value-add retail center in Monroe, MI (Toledo-Detroit MSA)
• Zoned (conditionally) for Self-Storage, Warehousing and Distribution
• Co-Anchored by Family Dollar and Subway
• Approximately 33,000 SF available for immediate occupancy
• Outparcel included for potential future development
• Approximately 50,000 people within 5-miles with average household incomes greater than $70k
• Strategically located on S Dixie Highway between I-75 and US-24

• Asking Price: Contact owner John Meram 586-453-1780

Attachments

Sale_Flyer (14)

Property Facts

Sale Type
Investment
Sale Conditions
Design & Build
Property Type
Retail
Property Subtype
Freestanding
Building Size
90,000 SF
Building Class
C
Year Built/Renovated
1977/2000
Price
£2,349,900
Price Per SF
£26
Percent Leased
61%
Tenancy
Multiple
Number of Floors
1
Loading Docks
3 Exterior
Building FAR
0.21
Lot Size
10.00 AC
Zoning
C - Commercial
Parking
650 Spaces (8.9 Spaces per 1,000 SF Leased)
Frontage
690 ft on Dixie Hwy

Amenities

  • Pylon Sign

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Family Dollar
  • Retailer
  • 10,000 SF
  • -
  • NNN
  • -
  • Accommodation and Food Services
  • -
  • -
  • -
  • -

Subway® is simply the better choice for freshly made, convenient, and affordable food. For a reason, they are one of the world’s largest restaurant brands, serving up a crave-able menu with better options to their millions of fans, every day. Whether it’s their bread baked fresh daily, new flavorful signature subs or their classic fan favorites made fresh to order, Subway® delivers a quality, delicious meal that people can feel good about. The Subway® story began in 1965 when Fred DeLuca asked his family friend, Dr. Peter Buck, a nuclear physicist, for advice on how to pay his college tuition. With an idea to open a submarine sandwich shop and an initial investment from Dr. Buck, the two formed a business partnership that would ultimately change the landscape of the quick-service restaurant industry.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Family Dollar Retailer 10,000 SF - NNN -
Accommodation and Food Services - - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 15215
  • 3,680 SF
  • Retail
  • End Cap
  • Now

Can be combined with 15219 Totaling 5,520 SF

  • 15229
  • 1,840 SF
  • Office
  • -
  • Now

Anchored by CVS

  • 15233
  • 7,200 SF
  • Retail
  • In-Line
  • Now

Anchored by CVS

  • 15235
  • 1,840 SF
  • Office
  • -
  • Now

Anchored by CVS

  • 15240
  • 10,000 SF
  • Office
  • -
  • Now
  • 15245
  • 5,996 SF
  • Retail
  • In-Line
  • Now

Anchored by CVS

  • 15255
  • 4,380 SF
  • Retail
  • In-Line
  • Now

Can be combined with 15261 Totaling 14,523 SF

Space Size Space Use Position Available
15215 3,680 SF Retail End Cap Now
15229 1,840 SF Office - Now
15233 7,200 SF Retail In-Line Now
15235 1,840 SF Office - Now
15240 10,000 SF Office - Now
15245 5,996 SF Retail In-Line Now
15255 4,380 SF Retail In-Line Now

15215

Size
3,680 SF
Space Use
Retail
Position
End Cap
Available
Now

15229

Size
1,840 SF
Space Use
Office
Position
-
Available
Now

15233

Size
7,200 SF
Space Use
Retail
Position
In-Line
Available
Now

15235

Size
1,840 SF
Space Use
Office
Position
-
Available
Now

15240

Size
10,000 SF
Space Use
Office
Position
-
Available
Now

15245

Size
5,996 SF
Space Use
Retail
Position
In-Line
Available
Now

15255

Size
4,380 SF
Space Use
Retail
Position
In-Line
Available
Now

15215

Size 3,680 SF
Space Use Retail
Position End Cap
Available Now

Can be combined with 15219 Totaling 5,520 SF

15229

Size 1,840 SF
Space Use Office
Position -
Available Now

Anchored by CVS

15233

Size 7,200 SF
Space Use Retail
Position In-Line
Available Now

Anchored by CVS

15235

Size 1,840 SF
Space Use Office
Position -
Available Now

Anchored by CVS

15245

Size 5,996 SF
Space Use Retail
Position In-Line
Available Now

Anchored by CVS

15255

Size 4,380 SF
Space Use Retail
Position In-Line
Available Now

Can be combined with 15261 Totaling 14,523 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12-010-348-03
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£1,050,758
  • Listing ID: 23805332

  • Date on Market: 07/02/2019

  • Last Updated:

  • Address: 15215-15261 S Dixie Hwy, Monroe, MI 48161

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