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Monroe, MI 48161,101,103,105 E Front Street
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Monroe, MI 48161,101,103,105 E Front Street
Monroe, MI 48161,101,103,105 E Front Street
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Tim Sova

Tim Sova

+1(810) 844-2316
$ 495,000
Est. payment /mo
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101, 103, 105 E Front Street Monroe, MI 48161

21,867 SqFt

UPDATED:

10/31/2024 08:02 PM

Key Details

Property Type Commercial

Sub Type Real Estate Only

Listing Status Active

Purchase Type For Sale

Square Footage 21,867 sqft

Price per Sqft $22

MLS Listing ID 57050141571

Originating Board Southeastern Border Association of REALTORS®

Year Built 1909

Annual Tax Amount $12,189

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 63x107

Property Description

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!

Location

State MI

County Monroe

Area Monroe

Zoning Commercial,Office

Body of Water River Raisin

Interior

Hot Water Electric, Natural Gas

Heating Steam

Heat Source Natural Gas

Exterior

Utilities Available 3 Phase Power

Waterfront Description River Front

Roof Type Other

Accessibility Disabled Access

Road Frontage Paved

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Block/Concrete/Masonry,Brick

Schools

School District Monroe

Others

Tax ID 58553900576000

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Contract, Conventional

Listing Terms Cash, Contract, Conventional

Financing Cash,Contract,Conventional

Special Listing Condition Full Service

Realcomp MLS
©2024 Realcomp II Ltd. Shareholders
Listed by Edward Pipis of Monroe Real Estate - Monroe

Tim Sova

Broker Associate

+1(810) 844-2316

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