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

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

Retail

Lot Size

0.21

Year Built

1913

Town/City

Monroe

County/Region

Monroe

MLS | Web ID

57050137546

Features
Interior
Heating Fuel Natural Gas
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General
Sewer Public Sewer (Sewer-Sanitary)
Heating Forced Air Central Air
current use Retail
Zoning Commercial
Year Built 1913
Business Type Retail
Property Type Commercial
Transaction Type Sale
Status Active
Short Sale No
Cumulative Days on Market 19
MLS Area Monroe
City Monroe
Terms Offered Cash Conventional
School District Monroe
Land Contract 0
Ownership Status Short Sale - No Private Owned
Street Name Monroe
Total Sq Ft 3451
DOM 19
Taxes 3286.0000
Legal Description OLD VILLAGE PLAT EAST OF MONROE ST S 60 FT OF N 80 FT OF LOT 20
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Exterior
Waterfront 0
Lot Size Area 0.21
Water Source Public (Municipal)
Foundation Crawl Basement
Lot Size Dimensions 60 x 150
Roof Material Shingle
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Internal Only
Originating MLS Southeastern Border Association of REALTORS®
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* Excluded Features
List By
Cole McNew

Listing Agent

Coldwell Banker Haynes R.E. - Monroe

Broker

(734) 624-4923

Phone

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
848016 Elementary School
848002 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/4/2024$159,000 Listed Price

Map


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611 S Monroe, 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 is a studio with 0.0 baths and was built in 1913. The property's zip code is 48161 which is in Monroe, MI