For Sale
$495,000

Front St Monroe, MI 48161

Prime Riverfront Location, High Income

Overview

Added:
Feb 3
Days on market:
78
This exceptional commercial property, located at 101, 103, and 105 E. Front St. in Monroe, MI, presents a compelling investment opportunity. Listed at $495,000, this 21,867 square foot building, constructed in 1909, boasts 20 rentable units generating over $77,000 in annual income. Situated on a 0.15-acre lot in Monroe's vibrant riverfront district, the property benefits from high foot traffic and visibility due to its central location near shops and restaurants. The historic brick exterior complements modern upgrades including a boiler heating system, window air conditioning units, and access to public water and sewer. The diverse unit sizes cater to a range of tenants, from retail to office spaces, ensuring flexibility and growth potential. Monroe's expanding commercial market, coupled with its proximity to Detroit and Toledo, further enhances the property's value. This location offers high visibility and accessibility for businesses, making it ideal for new ventures or redevelopment. The combination of historic charm, consistent income, and significant growth potential makes this a truly remarkable investment opportunity. This property offers a strong cash flow and a versatile space for various business types.

Property Details for Front St

Property type
Commercial real estate
Year Built
1909
Lot Size (sq. ft)
6,534 SF

Location Insight

City
Monroe
County
Monroe
State
Michigan
Latitude
41.91632
Longitude
-83.39677

FAQs

What type of property is this?
Commercial real estate - Prime Riverfront Location, High Income
Where is the commercial real estate located?
The property is located at Front St Monroe, MI.
What is the asking price?
The asking price for this property is $495,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Front St
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