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1150 Ternes dr - Comfort Suites Development Site 2.65 Acres of Commercial Land Offered at $1,350,000 in Monroe, MI 48162
Investment Highlights
- This property presents a distinctive opportunity for conversion into a 68-room Comfort Suites Hotel, with full approval and detailed plans available.
- Its C-2 zoning allows flexible commercial use, including hospitality, retail, and office space.
- This 2.65-acre site near the I-75 interchange offers rare large-scale development potential.
Executive Summary
The site benefits from immediate proximity to key regional employers such as DTE Energy, Ford Motor Company, and Monroe County Community College, ensuring strong connectivity to both corporate and institutional demand drivers. Surrounding amenities include retail hubs and healthcare facilities, providing convenience for prospective consumers and hotel guests. Recent infrastructure improvements, including $23 million in Monroe roadway and railway upgrades, reinforce the city’s position as an evolving transportation hub, increasing accessibility and growth prospects.
Investors can capitalize on rising demand linked to Monroe’s steady commercial expansion with this strategically positioned property. Whether developed into a branded hotel or adapted for broader commercial purposes, the parcel offers rare scale and visibility in a highly accessible corridor, making it a compelling value-add opportunity.
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Property Facts
1 Lot Available
Lot
| Price | $1,350,000 | Lot Size | 2.65 AC |
| Price Per AC | $509,433.96 |
| Price | $1,350,000 |
| Price Per AC | $509,433.96 |
| Lot Size | 2.65 AC |
The property spans approximately 2.65 acres near the Interstate-75 interchange, one of the few sites offering the chance to develop large contiguous acreage.
Description
1150 Ternes Drive, Monroe, MI 48162, is an optimal site for development due to its proximity to Interstate 75 and US-24, as well as the city's renowned mixed-use developments. The property benefits from a robust local workforce and is near major employers, including DTE Energy and Ford Motor Company. Additionally, its location is surrounded by retail hubs, healthcare facilities, and Monroe County Community College, enhancing its appeal for various commercial or industrial uses. Monroe has received $23 million for safety upgrades at railway intersections, further solidifying the city’s role as a transportation hub and improving road and rail safety in preparation for increased traffic and growth.
Property Taxes
| Parcel Number | 55-59-01909-023 | Improvements Assessment | $0 |
| Land Assessment | $247,100 | Total Assessment | $247,100 |
Property Taxes
