Office Space - For Sale
1704 South Custer Road Monroe, MI 48161
Details & Description
Price: $495,000
  • Property Type Office for Sale : Medical
  • Lot Size Acres 0.400
  • Building Sq Ft 3,623
  • Building Price per Sq Ft $136.63
  • Land Sq Ft 17,424
  • Land Price per Sq Ft $28.41
  • NOI $48,626
  • CAP Rate % 9.82
Medical investment property on Custer Rd, on of Monro's busiest east west corridors.  Includes two solid, long-term tenants and attractive cap rate.  Perfect for all investors including first time and those completing an exchange.
Property ID:    286838
Property URL: melqr.com/286838
Generated:    04-01-23
Property Highlights
Additional Photos
Listing Agents
Steven Lennex

O: 734-856-6464
M: 419-356-8745
slennex@lennexrc.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
Office Space / Michigan / Monroe / 48161 / 1704 South Custer Road

1704 South Custer Road

Monroe, MI 48161

Custer Road Medical Building

Listing ID: 286838
$495,000
For Sale
  • Property Type Office for Sale : Medical
  • Lot Size Acres 0.400
  • Building Sq Ft 3,623
  • Building Price per Sq Ft $136.63
  • Land Sq Ft 17,424
  • Land Price per Sq Ft $28.41
  • NOI $48,626
  • CAP Rate % 9.82
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Property Highlights
• Medical Investment Property
• Perfect for all investors
• Two long term tenants
Description

Medical investment property on Custer Rd, on of Monro's busiest east west corridors.  Includes two solid, long-term tenants and attractive cap rate.  Perfect for all investors including first time and those completing an exchange.

Attachments & Files
data-sheet-1704-s-custer-4-18-22-XCT-HXH.pdf

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Monroe Area Market Trends

Listing Demographics for 1704 South Custer Road Monroe, MI 48161

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population10,28136,46250,430
Population Median Age384041
Population by Age0-9 Yrs1588 (15%)4441 (12%)5833 (11%)
10-19 Yrs1070 (10%)4384 (12%)6107 (12%)
20-29 Yrs1498 (14%)4714 (12%)6348 (12%)
30-39 Yrs1327 (12%)4483 (12%)5963 (11%)
40-49 Yrs1150 (11%)4373 (11%)6282 (12%)
50-59 Yrs1291 (12%)4923 (13%)7050 (13%)
60-69 Yrs1145 (11%)4574 (12%)6513 (12%)
70+ Yrs1212 (11%)4571 (12%)6332 (12%)
Median HH Income$42,956$48,773$52,638
Total Household Income< 24K1255 (29%)4125 (26%)5125 (24%)
25-49K1083 (25%)3674 (23%)4856 (23%)
50-74K927 (22%)2873 (18%)3932 (18%)
75-99K479 (11%)1975 (12%)2971 (14%)
100-199K442 (10%)2397 (15%)3529 (16%)
200K+21 (0%)334 (2%)555 (2%)
Highest Education LevelNo Diploma99329364107
Diploma or GED2644862812410
Some College154961078356
Assoc. Degree82627153703
Bachelors Degree61431504386
Higher Degree38518922486
Total Housing Units4,44816,66822,877
--Owner-Occupied2,3809,63114,230
--Renter-Occupied1,8265,7476,738
Owner-Occupied Values< 100K102428654042
100-199K107944326431
200-299K23717432607
300-399K23436788
400-499K874214
500K+982148
Total Working Age Population8,03729,47941,087
In Work Force4,72217,21324,128
Not In Work Force3,31512,26616,959
Workforce Employed4,42516,23222,663
Workforce Unemployed2979811,465
Civlian Workforce4,72217,21324,128
Military Workforce000
Total Households4,20615,37920,968
Family Households2,4429,19113,185
Non-Family Households1,7656,1887,783
Married Couple1,6166,4399,540
Other Family8252,7523,645
Married w/Child6762,3733,355
Single Male w/Child110472576
Single Female w/Child3171,0641,396

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Michigan9,938,444-19,883,640+110,023,423+410,424,510
Monroe County145,945+4152,021-2149,610+2153,038

Total Working Age Population:

Total Households:

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
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4209 Corduroy, Oregon, OH $235,000 2624 1.22
4346 Secor Road, Toledo, OH $795,000 17568 0.92
Closest Commercial Airports
Airport Distance (mi)
Detroit Metropolitan Wayne County Airport (DTW) 20
Toledo Express Airport (TOL) 30
Cleveland Hopkins International Airport (CLE) 88
Listing Agent
Steven Lennex - CRE Agent at

Steven Lennex

Lennex Realty Company

734-856-6464 (office)

419-356-8745 (mobile)

VIEW AGENT PROFILE

lennexrc.com

CONTACT ME

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