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211 Jones Ave
Monroe, MI 48161
Asking Price
$1.29M
Asset Type
Commercial Land
Class
Class B
What's Special
211 Jones Ave, Monroe, MI 48161 <ul><li>7.38 AC For Sale in Monroe, MI</li><li>Ideal Development Site for Residential or Multi-Family</li><li>Flexible Zoning or Rezoning (Standard or PUD)</li><li>Zoning: PROS (Public Rec & Outdoor Space)</li><li>Proximate to a Kroger-anchored shopping center</li><li>Situated within an established neighborhood and retail corridor featuring CVS, Dollar General, McDonalds, and Jimmy John's, and many more</li><li>Across from DPW and Monroe Post of Michigan State Police</li></ul>
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NOI
$80,000
Cap Rate
6.18%
DSCR
1.04
Tight
Cash-on-Cash
0.80%
Monthly Payment
$6,406.953
Annual Cash Flow
$3,116.559
