For Sale
704 N TELEGRAPH Road, Monroe, MI 48162
$199,900
MLS # 20261030748 (Realcomp)
0.88 acres
1 / 16
Listing Description
Prime shovel-ready development opportunity in a high-traffic corridor. This vacant commercial parcel is not just land, it comes with site plans, approvals, and prior development work already completed, saving a buyer significant time, money, and risk.Previously approved for a national franchise concept (Jimmy John’s), this site has already gone through municipal approvals and MDOT review, positioning the next owner to move directly into development. Ideal for retail, restaurant, drive-thru, or mixed-use applications.Located on a major thoroughfare with strong daily traffic counts and excellent visibility, the property is surrounded by established national retailers and dense residential neighborhoods, ensuring consistent consumer demand.All preliminary work has been done. Plans, engineering, and layout available. This is a rare opportunity to step into a near turnkey development and accelerate your timeline dramatically.Opportunities like this do not come around often. Serious inquiries only.e area’s most sought-after corridors.
Source: SparkMLS
About this home
Currently offered at $199,900.
Annual property taxes run approximately $4,168 ($347/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by Michigan Gas Utilities Corporation.
Listing Property Details
Property TypeLand
Bathrooms0
Lot Size0.88 acres
Location
CityMonroe
MunicipalityMonroe City
Zip Code48162
CountyMonroe
School DistrictMonroe
Sale & Financing
Listed5/1/2026
Terms AcceptedCash, Land Contract
Source: SparkMLS
Tax Information
Annual Tax$4,168
Parcel #58556900721000
Source: SparkMLS
Legal Description
TELELM PLACE LOTS 65 TO 67 INCLUSIVE
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Sam Bazzy
EXP Realty Main
Frequently Asked Questions about 704 N TELEGRAPH Road, Monroe, MI 48162
Which school district serves 704 N TELEGRAPH Road, Monroe, MI 48162?
Per MLS# 20261030748, 704 N TELEGRAPH Road, Monroe, MI 48162 is in the Monroe boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Monroe directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 20261030748, this listing accepts Cash, Land Contract financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 704 N TELEGRAPH Road, Monroe, MI 48162?
Per public tax records, annual property taxes for this property are $4,168. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 704 N TELEGRAPH Road, Monroe, MI 48162 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 704 N TELEGRAPH Road, Monroe, MI 48162 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 704 N TELEGRAPH Road, Monroe, MI 48162?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Michigan Gas Utilities Corporation. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Monroe County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Monthly payment$1,297
Principal & interest$1,297
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Michigan Gas Utilities Corporation
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
704 N TELEGRAPH Road, Monroe, MI 48162
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Municipality
Monroe
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County
Monroe County
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