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Monroe St Monroe, MI 48162

For Sale
$375,000

High-value commercial property, ideal for investors.

Description

Added:
Feb 3, 2025
Days on Market:
310
This exceptional commercial property, located on N Monroe Street in Monroe, MI, presents a compelling investment opportunity. The property encompasses a substantial 4800 square feet of building space situated on a generous 0.49-acre lot. Currently occupied by a month-to-month tenant, this offers immediate income potential for investors. Alternatively, the property is well-suited for owner-occupancy, allowing businesses to establish a strong presence in a thriving area. The current tenant provides a stable income stream, offering flexibility for future plans. The property's assessed value by Frenchtown Township is significantly higher than the asking price of $375,000, making this a potentially lucrative investment with significant upside. This prime location offers excellent visibility and accessibility, making it an attractive proposition for a wide range of commercial ventures. The substantial lot size provides ample space for expansion or future development, adding to its long-term value. Don't miss this chance to acquire a high-value commercial property in a desirable location at a price significantly below market assessment. Serious inquiries only.

Property Features for Monroe St

General Information

Property type
Other commercial real estate
Lot Size
21,344 SF

Building Details

Year Built
1968

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Monroe
County
Monroe
State
Michigan
Longitude
-83.39645
Latitude
41.91806

FAQs

What type of property is this?
Commercial real estate - High-value commercial property, ideal for investors.
Where is this commercial real estate located?
The property is located at Monroe St Monroe, MI.
What is the asking price?
The asking price for this property is $375,000.
More about this property
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