611 S Monroe Street Monroe, MI $ 159,000
611 S Monroe Street
$ 159,000
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611 S Monroe Street

Monroe, MI, 48161
$ 159,000
Baths0.0 Sq 3,451

Monthly Estimate*

$ 1,111

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Studio

Commercial Property for sale in Monroe, MI

for $159,000. This 3,451 square foot building was built in 1913 on a lot size of 0.21.

Discover a versatile investment with this three-unit mixed-use property, perfectly positioned in the bustling heart of Monroe. Boasting a combination of residential and commercial spaces, this property offers immense potential for investors seeking a lucrative venture in a thriving location. At the forefront of the property stands a spacious three-bedroom home, which could provide comfortable living quarters for residents seeking convenience and charm. Adjacent to the residence, a retail store awaits, poised to accommodate a diverse range of businesses. With a prominent street frontage, this retail unit presents an unparalleled opportunity for entrepreneurs to establish their presence in a high-traffic area. Completing the trio of offerings is a versatile workshop space, perfect for artisans, or craftsmen. Equipped with essential amenities and ample room for creativity, this workshop adds invaluable utility to the property. Replacement windows throughout. Both furnaces are new. Some new siding and insulation. Convenience is key, with parking available both in front and behind the property, ensuring hassle-free access for residents, customers, and employees alike. Situated just a stone's throw from Monroe's bustling downtown business district, this property enjoys unparalleled proximity to a wealth of amenities and attractions. Surrounding neighbors include renowned establishments such as Kroger Grocery, Hungry Howies Pizza, Jimmy Johns, McDonald's, convenience stores, and an array of other thriving businesses. Don't miss this rare opportunity to secure a lucrative investment in one of Monroe's most sought-after locations. Whether you're an astute investor, a budding entrepreneur, or a homeowner seeking additional income streams, this mixed-use property promises potential. Schedule your viewing today and unlock the gateway to urban prosperity!

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Commercial Active

Price

$ 159,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 3,286

Style

Commercial/Industrial

Lot Size

0.21

Year Built

1913

Town/City

Monroe

County/Region

Monroe

MLS | Web ID

50137546

Features
General
Heating Forced Air
Cooling Central A/C
Roof Shingles
Water Public Water
Status Active Active
Year Built 1913
Parking 3-5 Spaces
Water Heater Gas
County Monroe
Class COM/IND/BUS OPP
Type Commercial/Industrial
Percent Ownership Private
Municipality Monroe
Zoning Commercial
Subdivision MI
Commercial Features Restroom(s) Sidewalks
Area Monroe (58026)
Primary City Monroe
Location Main Street
Directions South on Monroe between 6th St and 7th St
City Monroe
Street Name Monroe
Financial Terms Cash Conventional
Legal Description OLD VILLAGE PLAT EAST OF MONROE ST S 60 FT OF N 80 FT OF LOT 20
DOM 20
Postal Code 48161
Price Per Sq Ft 46.07
Coming Soon Discover a versatile investment with this three-unit mixed-use property perfectly positioned in the bustling heart of Monroe. Boasting a combination of residential and commercial spaces
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Exterior
Frontage 60
Lot Size Area 0.21
Lot Dimensions 60 x 150
Roads Paved Street
Waterfront Y/N No
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Interior
Ceiling Height Less than 16 Ft.
Fuel Type Natural Gas
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* Excluded Features
List By
Cole McNew

Listing Agent

Coldwell Banker Haynes R.E. - Monroe

Broker

colemcnew@icloud.com

Email

Affordability Calculator

$1,384
Per Month
80%
20%
0%
Monthly Principal & Interest
$1,111
Monthly Property Taxes
$274
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/3/2024$159,000 Listed Price

Map


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611 S Monroe Street, Monroe, MI, 48161 is a Commercial Property for sale at $159,000 with 3,451 sqft and a lot size of 0.21. 611 S Monroe Street is a studio with 0.0 baths and was built in 1913. The property's zip code is 48161 which is in Monroe, MI