Mixed-Use Property with Rental
New
For Sale
$350,000
501 E First Street, Monroe, MI 48161
Two parcels pair commercial space with occupied residential units and on-site storage.
Property Size7,629 SF
Price / SF$45.88
Days on Market4
Property Features for 501 E First Street
General Information
Standard status
Active
Size
7,629 SF
Taxes and HOA fees
Annual Taxes
$4,985
Building Details
Building Size
7,629 SF
Year Built
1915
Listing Agency:
Coldwell Banker Haynes Real Estate Commercial
Listed By:
Cole McNew · License #6501447424
(734) 624-4923
Source:
Cen21allstar
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 10 at 3:03AM
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 Haynes Real Estate Commercial
Investment Insights
Based on property information with market context.
This two-parcel mixed-use holding combines a commercial building, an attached storage garage, and an adjoining residential property. The buildings total approximately 7,629 SF. Built in 1915, the commercial space is owner-occupied and will be vacated when the property is sold; the residential units are fully occupied.
Parking is available along the street, in the garage, and off the alley. The residential component provides existing rental income alongside the commercial building.
Parking is available along the street, in the garage, and off the alley. The residential component provides existing rental income alongside the commercial building.
Key Highlights
- Two parcels with approximately 7,629 SF combined
- Commercial building, attached storage garage, and adjacent residential property
- Residential units are fully occupied
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
819
Businesses Nearby
Explore this area
Business Placement
Demographics for 48161, MI
26,571
Population
12,015
Households
2.2
Avg Household Size
40
Median Age
19%
College-Educated
89%
High-School Grad
44.8 sq mi
ZIP Area
593
Density / Sq Mi
$65,517
Median Household Income
$40,184
Median Earnings
$955
Median Rent
$173,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two parcels pair commercial space with occupied residential units and on-site storage.
Where is this mixed-use property located?
The property is located at 501 E First Street Monroe, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two parcels with approximately 7,629 SF combined; Commercial building, attached storage garage, and adjacent residential property; Residential units are fully occupied
