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8751-8791 Monroe Rd
Durand, MI 48429
Durand Plaza (aka Monroe Plaza) · Retail Property For Sale
Investment Highlights
- Prime Retail Space
- Ample Parking
- Many Long Term Tenants
- Sole Retail Strip in town
- Stable Tenant Mix
- Four (4) new tenants in 2019
Property Facts
Property Type
Retail
Building Size
29,950 SF
Building Class
C
Year Built
1985
Percent Leased
89%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
5.72 AC
Zoning
C
Parking
274 Spaces (3.35 Spaces per 1,000 SF Leased)
Frontage
767’ on Monroe Rd
Amenities
- Pylon Sign
- Signage
- Tenant Controlled HVAC
About 8751-8791 MONROE RD , DURAND, MI 48429
29,950 SF in-line retail center. In the last 18 months 6 new tenants have opened and are thriving. Many upgrades were done for each of the tenants including 3 new RTU's. Owners purchased this property with the intention of selling after getting it marketable. This property is professionally managed and could continue to be for a competitive fee. Property is shadow anchored by Gil-Roys hardware and a currently empty former grocery store. Adjacent grocery space lease negotiations are underway.
Property Taxes
| Parcel Number | 020-82-014-014-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $282,400 |
Property Taxes
Parcel Number
020-82-014-014-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$282,400
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