For Sale
$324,000

205 Monroe St Bangor, MI 49013

Turnkey Restaurant & Apartments, High Traffic

Overview

Added:
Feb 3
Days on market:
74
This exceptional Bangor, MI property at 205 W Monroe boasts 8,607 square feet on a 0.1-acre lot. The building offers a lucrative blend of commercial and residential income streams. Downstairs, a fully operational 2,800 square foot restaurant space is ready for immediate use, presenting a turnkey opportunity for a food and beverage entrepreneur. The high-traffic location, with over 10,000 vehicles passing daily, ensures significant visibility and potential customer base. Upstairs, four residential apartments provide additional rental income, enhanced by an on-site laundry facility for tenant convenience. This mixed-use property is ideally situated in an area demonstrating strong demand for family dining and quick-service restaurants, presenting significant growth potential. The combination of a thriving commercial space and stable residential units makes this an attractive investment for those seeking multiple income streams and a strong return on investment. The asking price is $324,000. This turnkey operation offers immediate income and the potential for substantial future growth in a desirable location. The property's size and layout provide flexibility for various business models and expansion opportunities.

Property Details for 205 Monroe St

Property type
Investment properties
Square Feet
8,607 SF
Year Built
1892
Lot Size (sq. ft)
4,356 SF

Location Insight

City
Bangor
County
Van Buren
State
Michigan
Latitude
42.31326
Longitude
-86.11255
205 Monroe St, Bangor, Michigan

FAQs

What type of property is this?
Investment property - Turnkey Restaurant & Apartments, High Traffic
Where is the investment property located?
The property is located at 205 Monroe St Bangor, MI.
What is the asking price?
The asking price for this property is $324,000.
How can I contact the broker?
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205 Monroe St
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