Telegraph Shops

For Sale

15479 S Telegraph Rd, Monroe, MI 48161

Monroe, Michigan is an established regional city in southeastern Michigan along the western shore of Lake Erie, approximately 30 minutes south of Detroit and 40 minutes north of Downtown Toledo, with direct access to Interstate 75 connecting major Midwest logistics markets. Serving as the commercial and employment hub for Monroe County, the city draws retail traffic from surrounding suburban and rural communities while maintaining a stable residential base. Retail demand is supported by a diversified economy anchored by manufacturing, automotive supply chain, logistics, healthcare, and public-sector employment, reinforced by regional employers along the I-75 corridor. Ongoing logistics, manufacturing, healthcare, and infrastructure investment across the Detroit Toledo corridor, combined with stable residential development in Monroe and Frenchtown Township and limited new retail construction, have contributed to sub-4% vacancy, stable occupancy, and balanced supply-demand dynamics. These fundamentals position Monroe as a stable, low-volatility retail submarket characterized by consistent household incomes, durable tenant demand for essential and service-oriented uses, embedded rent growth potential, and long-term NOI stability driven by disciplined supply rather than speculative expansion.

Key features

  • ±4,604 SF brick building on ±1.2 acres built in 1998; individually metered utilities and rear ground-mounted HVAC
  • 100% occupied with stabilized NOI of $41,549 delivering immediate, predictable cash flow
  • 3.2-year WALT with staggered expirations and contractual increases for Northwestern Mutual
  • 40 surface parking spaces with convenient two-way ingress/egress on South Telegraph Road
  • 6.74% Year 1 leveraged cash-on-cash and 10.59% leveraged total return
  • Fully professional, appointment-based roster with recurring demand and minimal e-commerce exposure
  • In-place net effective rent of $9.02 PSF vs. $14.40$15.00 PSF NNN leasing comps along Telegraph Road (35% below market), creating substantial upside through rollover and MG-to-NNN conversion
  • Located on a primary north-south commercial corridor within the DetroitToledo regional economy; $73K+ average household income within 5 miles
  • Service-oriented tenant mix anchored by Northwestern Mutual (52% of GLA), alongside First American Title and Delaney Counseling Services
  • Supply-constrained Monroe County retail market with 3.9% vacancy and limited new construction (<9,100 SF underway) supporting long-term rent durability

Building Details

  • For Sale $540,000
  • Property Type Office - General Office
  • Property Size 4,604 SF
  • Units 3
  • Lot Size 1.2 Acre
  • Additional Rent Price on request
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1998
  • Date Updated Sep 23, 2026
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Contacts

Alex Van Krevel

Passov Real Estate Group

Location

  • City Monroe, MI
  • Zip Code 48161
  • Market Detroit
  • Walk score 36/100 Car-Dependent
  • Bike score 38/100 Somewhat Bikeable
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Points of Interest

S & G

0.18 miles

Marathon

0.83 miles

Speedway

0.87 miles

Admiral

1.21 miles

Kroger

1.24 miles

Pacific Pride

1.45 miles

Way Station

1.54 miles

Norman Towers Parking

1.92 miles

SMCC & Saint Mary School Parking

2.09 miles

Lot 4

2.23 miles

Lot 3

2.25 miles

Lot 5

2.30 miles

Lot 6

2.33 miles

Lot 7

2.39 miles

Lot 2

2.40 miles

Lot 1

2.41 miles

truck parking

2.84 miles

Original $3.50 Car Wash

3.13 miles

Luna Pier Auto Wash

6.49 miles

Michigan Bar and Grill

1.19 miles

China Express

1.21 miles

Mary Sacco's Pizza

1.24 miles

Wendy's

1.30 miles

McDonald's

1.31 miles

Fino's Family Restaurant

1.39 miles

Monroe's Original

1.47 miles

Subway

1.49 miles

Danny's Frozen Custard

1.84 miles

Vito's Pizza and Subs

1.88 miles

Kroger

1.31 miles

Danny's Fine Foods

1.86 miles

American Freight

2.32 miles

Big Lots

3.22 miles

GFS Marketplace

3.39 miles

Meijer

3.40 miles

ALDI

3.56 miles

MCF MARKET

3.80 miles

The Mall of Monroe

3.84 miles

Walmart Supercenter

3.89 miles

CVS Pharmacy

1.38 miles

State Police

1.48 miles

Walgreens

1.48 miles

DaVita Dialysis

1.51 miles

Monroe County Sheriff's Office

1.82 miles

Monroe City Police Department

1.82 miles

CHS Group LLC

2.04 miles

LaSalle Fire Department

2.55 miles

ProMedica Monroe Regional Hospital

2.68 miles

Wellnow Urgent Care

2.84 miles

Listing Summary

  • Property Financials

    15479 S Telegraph Rd is currently listed for sale at $540,000 for a price per square foot of $117.29.

  • Property Details

    15479 S Telegraph Rd totals 4,604 square feet of Office space on a lot spanning 1.2 acres.

    The property was initially built in 1998. Based on its location, amenities, and finishes, the property is listed as class B.

    Tenancy at 15479 S Telegraph Rd is listed as Multi-Tenant, comprising a total of 3 units.

  • Area Characteristics

    In terms of ease of commuting, the area has a walk score of 36, indicating that it is car-dependent.

Contact Alex Van Krevel
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