1121 US 24

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1121 US 24

monroe, MI 48162
Asking Rate
Contact for rate
Asset Type
Retail
Class
Class B

What's Special

1121 US 24 is situated along the Telegraph Road commercial corridor in Monroe, Michigan. The surrounding neighborhood is characterized by a high concentration of established retail plazas, automotive services, and national dining chains. The property benefits from significant frontage and visibility on a major north-south regional artery, providing direct access to the I-75 and I-275 interchange to the north. Local amenities include numerous residential subdivisions within a three-mile radius and proximity to the River Raisin Heritage Trail. The site is well-suited for general retail operations, quick-service restaurants, or consumer service providers requiring high daily traffic counts. The typical tenant profile includes franchise operators, local hardware or home goods retailers, and specialized medical clinics. Given the location’s layout and accessibility, the property supports businesses that rely on consistent vehicle turnover and regional commuter visibility.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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