Contacts
Matthias Rhein
SVN | Stewart Commercial Group
Property Details
- Property Type Industrial - Manufacturing
- Property Size 9,000 SF
- Lot Size 0.87 Acre
- Year Built 1988
- Date Updated Oct 24, 2026
- HVAC None
xSVN Stewart Commercial Group is pleased to present 521-545
Cooper Street, a six-unit, 9,000 SF auto-service industrial property in
Monroe, MI. This investment opportunity is well suited to either an
investor seeking a value-add opportunity or an owner-user looking
for a new location. What sets this property apart from other multitenant industrial properties is the municipally approved auto service
uses. Industrial property where auto service is approved use is
difficult to find. Most industrial buildings and sites do not allow it,
and few buyers can add the use later. This building has it in place
with established auto tenants operating today.
The block building, constructed in 1988, offers significant flexibility in
unit size. Each unit, as currently configured, has separately metered
utilities, 3-phase power, and at least one 12' × 14' overhead door. Most
of the parking lot was repaved in 2026.
The building is currently 100% occupied by 3 auto service tenants
operating on very short-term leases. Current rents paid are
drastically below market rate. With the short-term leases, an investor
is presented with the opportunity to either move current tenants to
market rent or re-tenant the building. The flexibility of the unit
configuration and utility metering makes the property an excellent
candidate for NNN lease structure going forward. An owner-user
can enjoy supplemental income if only occupying a portion of
the building.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Highlights
- A location you can’t easily replace. Finding industrial property where you can run an auto service business is difficult.
- Configured for NNN. Each unit is separately metered with a separate office and bathroom, perfect for creating a NNN investment property.
- Flexibility in design. Units of 1,250 and 2,000 SF can be used as they are or combined.
- Flexibility to re-tenant. The leases are short-term or month-to-month, allowing a complete repositioning of the building unit by unit on your own timeline.
- FOR THE INVESTOR:
- FOR THE OWNER-USER
- Income in place. Existing tenants can generate rent that offsets carrying costs.
- Income while you execute. The in-place rents are short-term but real, helping carry the property while your re-tenanting plan is put into motion.
- Low operating expenses. Operating Expenses in 2024-2025 average $2.50 psf.
- Market rent upside. Implied market rent for 1,0002,000 SF auto service bays is $9.50/SF NNN.
- Public utilities. The property is served by public utilities and are separately metered.
- Scarce, approved use. Auto-approved industrial space is in short supply.
- Solid block construction. Concrete block walls and slab-ongrade floor.
- Strategic location. The property sits in an established service and light-industrial district on the Detroit-Toledo corridor, drawing demand from both markets.
Attachments
Getting around
-
69/100
Walk Score ®
-
56/100
Bike Score ®
Powered by Walk Score ®
Location
- City Monroe, MI
- Zip Code 48161
- Market Detroit
Points of Interest
-
Pacific Pride
0.07 miles
-
Admiral
0.21 miles
-
Marathon
0.22 miles
-
S & G
0.75 miles
-
Way Station
0.77 miles
-
Kroger
0.83 miles
-
Citgo
1.00 miles
-
BP
1.00 miles
-
Original $3.50 Car Wash
1.78 miles
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Luna Pier Auto Wash
7.75 miles
-
Monroe's Original
0.11 miles
-
Subway
0.18 miles
-
Danny's Frozen Custard
0.46 miles
-
Vito's Pizza and Subs
0.56 miles
-
Dolce Vita
0.65 miles
-
Nick & Nino's Coal Fired Pizza
0.66 miles
-
Panera Bread
0.67 miles
-
Jet's Pizza
0.68 miles
-
Magic Wok
0.72 miles
-
Kiku Sushi Bar & Grill
0.73 miles
Contact Listing Broker
Matthias Rhein
SVN | Stewart Commercial Group
