Active
101,103,105 E Front Street
Monroe MI, 48161
$495,000
$22.64 per sqft
Active
21,867 sqft
Commercial
Built in 1909
Looking for a standout investment? The commercial property at 101, 103, and 105 E. Front St.in Monroe, Mi. is a perfect match for investors and business owners. Listed for $495,000, this historic building offers 21,867 square feet of prime commercial space in the heart of Monroe's riverfront district. Built in 1909. it features 20 rentable units that generate over $77,000 in annual income. It's central location, just steps away from local shops, restaurants, and the river, makes it an attractive spot for tenants, ensuring a steady flow of rental revenue. The property combines the charm of it's historic brick exterior with practical modern upgrades, including a boiler heating system, window air conditioning units, and access to public water and sewer systems. With a variety of unit sizes, it accommodates a diverse range of tenants, from retail storefronts to office spaces, making it a flexible investment with significant growth potential. Monroe's expanding commercial market adds further value to this property. The city's proximity to Detroit and Toledo makes it a central hub for both business and customers. The property's location, right in the heart of the downtown area, ensures high foot traffic and visibility for tenants.This makes it an ideal location for new businesses, creative ventures, or even redevelopment opportunities foe investors with a vision to modernize historic spaces. Whether you're looking to expand your real estate portfolio or seeking a long-term investment with reliable cash flow, this property offers both historic charm and financial appeal. It's a versatile building with strong, consistent income and endless potential for future growth. Don't miss out on this incredible opportunity. For more information or to schedule a viewing, call Monroe Real Estate at 734-243-3000. This could be the key to unlocking your next successful real estate venture!
50141571
MLSⓇ ID
May 9, 2024
Listed
November 22, 2024
Updated
Map
101,103,105 E Front Street
Monroe MI, 48161
Interior Features
Appliances
Electric Water Heater, Gas Water Heater
Floor Description
Carpet, Concrete, Wood
Fireplace
No
Cooling
Yes
Cooling Description
Office Only, Other, Wall/Window Unit(s), Window Unit(s)
Heating
Yes
Heating Description
Boiler
Exterior/Building Features
Lot Size
0.15 Acres
Lot Features
Bus Service To Site, Main Street, Downtown Dev Authority
Roof
Flat, Other-See Remarks
Sewer
Public Sanitary
Other Property Details
Area Name
Monroe (58026)
Taxes
$12,189
Tax Frequency
Annually
Days on Market
176
Garage
No
Parking
Off Site
View
No
County
Monroe
Water Source
Public
Pool
No
Waterfront
Yes
Listed by Edward Pipis with Monroe Real Estate - Monroe
Listing Contact: 734-497-0760
Based on information originating from the MiRealSource as of 11/22/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 11/22/2024 at 9:52 AM UTC