1395 N Telegraph Road $1,500,000

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    1395 N Telegraph Road Monroe, MI 48162

    • 5,782 sq. ft.
    • 0.92 Acres
    • Commercial
    • MLS# 50044607
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    Views: 465 Days On Site: 1054

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    Property Details

    Prime Redevelopment Opportunity - Fusion Restaurant Property This remarkable redevelopment property currently houses Fusion Restaurant (tenant will vacate), with a historical connection to the iconic Ponderosa Steak House. Boasting a spacious 5,782 square feet and situated on the bustling Telegraph Rd (US-24), it's a gem of a location with boundless potential. The property's excellent condition is a testament to its quality and upkeep. It's ready and waiting for the next chapter in its story, making it an enticing opportunity for visionary entrepreneurs and developers. Positioned directly in front of Monroe Mall, this property enjoys a front-row seat to the vibrant commercial scene. Its proximity to numerous national chain restaurants further enhances its appeal, creating a dynamic atmosphere that draws both locals and visitors alike. Ease of access is a key advantage here, with straightforward in and out access for patrons, ensuring a seamless and enjoyable experience. In summary, this redevelopment property presents a rare chance to shape the future of a prime location on Telegraph Rd (US-24). Whether you have a specific vision for its transformation or are exploring the potential of its versatile space, this property is a canvas for your entrepreneurial aspirations. Don't miss out on the opportunity to be part of the vibrant commercial landscape in this sought-after area.

    • General Features
      • Acreage 0.92
      • Area Municipality Frenchtown Twp (58007)
      • County Monroe
      • Originating MLS Southeastern Border Association of REALTORS
      • Ownership LLC
      • Total SqFt Finished 5782
      • Waterfront Y/N No
      • Year Built 1976
      • ZONING Commercial
    • Building Features
      • Cooling System Central A/C
      • Exterior Construction Vinyl Siding
      • Foundation Type Slab
      • Heating System Forced Air
      • FUEL TYPE Natural Gas
    • Property Features
      • Water Public Water
      • PARKING 21+ Spaces
      • Lot Size 200x200
      • Roads Paved Street
      • Sewer Septic Public Sanitary

    Contact

    Jeff Briggs

    Real Estate Agent

    RE/MAX Platinum

    Business: 734-216-6100

    Neighborhood

    48162 (Monroe) Demographics

    43 Median Age
    467 Population Density (per sq. mile)
    33% College Educated
    $60,651 Estimated Median Income
    8,260 Estimated Total Home Owners
    3,246 Estimated Total Renters
    72% / 28% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    27,414 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $230,000 Median Sales Price
    35 Homes Sold
    41 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,500,000
        6/10/2021 12:51:00 PM New in Database Source: Multiple Listing Service New Value: $1,500,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.