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Mixed-Use Building with Apartments
For Sale
$255,000

910 Monroe Street, Carleton, MI 48117

Commercial-zoned property combines a ground-floor business space with upper-level residential units.

Property Size4,070 SF
Days on Market17

Property Features for 910 Monroe Street

General Information

Standard status Active
Size 4,070 SF
Property subtype Commercial
Zoning Commercial

Additional Details

Gross Income $19,800

Taxes and HOA fees

Annual Taxes $2,558

Building Details

Building Size 4,070 SF
Year Built 1890
Buildings 1
Stories 2
Tenancy Multi
Listing Agency: Coldwell Banker Professionals Delta
Listed By: Jessica Hillyer · License #6506047675
Source: Erareardonrealty
Added: Aug 14 Changed: Aug 29 Last Checked: Aug 29 at 11:01AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Professionals Delta

Investment Insights

Based on property information with market context.

Built in 1890, this mixed-use property includes a commercial unit on the first floor and three apartments above. The commercial space is vacant, while all three residential units are occupied. The apartment mix includes two one-bedroom units and one studio, providing a range of residential configurations within the building.

Located in downtown Carleton at 910 Monroe Street, the property is designated Commercial. The upstairs apartments received new windows in 2023. With business space at street level and rental apartments on the second floor, the building accommodates both commercial and residential uses in a single asset.

Key Highlights

  • Ground‑floor commercial unit with three second‑floor apartments
  • Apartment mix includes two 1‑bedroom units and one studio
  • All 3 apartments are currently rented

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Hair Salon Spa & Massage Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

163
Businesses Nearby

Demographics for 48117, MI

10,154
Population
4,316
Households
2.4
Avg Household Size
46
Median Age
14%
College-Educated
92%
High-School Grad
54.1 sq mi
ZIP Area
188
Density / Sq Mi
$76,600
Median Household Income
$52,338
Median Earnings
$1,081
Median Rent
$276,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial-zoned property combines a ground-floor business space with upper-level residential units.
Where is this mixed-use property located?
The property is located at 910 Monroe Street Carleton, MI.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Ground‑floor commercial unit with three second‑floor apartments; Apartment mix includes two 1‑bedroom units and one studio; All 3 apartments are currently rented
More about this property
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