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Second-Generation Restaurant and Income Property
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171 Main St, Monroe, CT 06468

Remodeled restaurant with included equipment and two rental units, with recent upgrades to windows, roof, and hot water heater.

Property Size4,166 SF
Days on Market323

Property Features for 171 Main St

General Information

Standard status Active
Size 4,166 SF
Property subtype RETAIL
Listing Agency: Saugatuck Commercial
Listed By: Penny Wickey · License #REB0755268
Source: Moodyscre
Added: Sep 11, 2025 Changed: Jul 27 Last Checked: Jul 29 at 2:20PM

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 Saugatuck Commercial

Investment Insights

Based on property information with market context.

A second-generation restaurant property directly on Main Street (Route 25) in Monroe, CT, offered with an operating setup and included contents. The structure includes storage, an office, three bathrooms, and a breakroom, along with hardwood floors throughout. The sale includes all equipment, antiques, supplies, inventory, chattel, and two new reach-in coolers, with the property described as completely remodeled (except for the upstairs bathroom). Two additional rental units are included: an oversized one-bedroom unit and a studio unit, both rented on a month-to-month basis.

The upstairs areas are noted as having several recent replacements, including windows, carpet, and the roof and hot water heater. The remarks also indicate a 196-unit luxury housing community was approved for development within walking distance.

This is a mixed-use income property combining restaurant space with two apartments under month-to-month terms, with recent building and systems improvements described in the offering materials.

Key Highlights

  • Second generation restaurant directly on Main Street (Route 25) in Monroe, CT
  • Restaurant includes storage, office, three bathrooms, and breakroom
  • All equipment, antiques, supplies, inventory, and chattel included, plus two new reach‑in coolers

Property Analytics

Current Use

The Smithy Restaurant

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Building Supply Law Firm Dental Office Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

220
Businesses Nearby
Balanced
Demand for This Use

Demographics for 06468, CT

18,825
Population
6,573
Households
2.9
Avg Household Size
44
Median Age
58%
College-Educated
97%
High-School Grad
26.1 sq mi
ZIP Area
721
Density / Sq Mi
$156,731
Median Household Income
$71,530
Median Earnings
$1,466
Median Rent
$477,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Remodeled restaurant with included equipment and two rental units, with recent upgrades to windows, roof, and hot water heater.
Where is this conventional restaurant located?
The property is located at 171 Main St Monroe, CT.
What are key features of this property?
This property features: Second generation restaurant directly on Main Street (Route 25) in Monroe, CT; Restaurant includes storage, office, three bathrooms, and breakroom; All equipment, antiques, supplies, inventory, and chattel included, plus two new reach‑in coolers
(203) 856-6621 Call to check price and availability
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