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    39 Monroe St Monroe, MI 48161

    Sponsored
    For Sale
    $450,000

    Established tavern, 7,000 sq ft, liquor license included.

    Property size:
    7,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional turnkey opportunity presents the chance to acquire McGeady's Town Pub, a well-established tavern located in the heart of Monroe, Michigan's Central Business District. Situated on a 0.69-acre lot at 39 S Monroe St, this three-story, 7,000 square foot building boasts classic tavern architectural features, including a dedicated reception area and a game room, creating a versatile and inviting atmosphere. The property is currently vacant and available for sale at $450,000. All existing equipment is included in the sale, subject to certain limitations. The property holds a valuable Class C liquor license, a significant asset for any prospective owner. The permitted zoning, CBD (Central Business District), allows for potential mixed-use development, opening up further possibilities for expansion and diversification. This is a rare chance to own a long-established business with strong name recognition in a prime downtown location. The building's size and features offer ample space for various uses, making it an attractive investment for both experienced restaurateurs and new entrepreneurs. Don't miss this opportunity to own a piece of Monroe's vibrant history and thriving business district. The property is zoned for Central Business District use.

    Property Features for 39 Monroe St

    General Information

    Property type
    Restaurants
    Square Feet
    7,000 SF
    Class
    C
    Lot Size
    30,056 SF

    Building Details

    Stories
    3

    HighLights

    • Prime downtown Monroe, MI location.
    • Established business with strong name recognition.
    • Existing equipment included (with limitations).
    • Classic tavern features, including reception area and game room; 7,000 SF building on a 0.69‑acre lot.
    • Includes a Class C liquor license.
    • Central Business District zoning allows for mixed‑use development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.3973206
    Latitude
    41.9158709

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    FAQs

    What type of property is this?
    Restaurant - Established tavern, 7,000 sq ft, liquor license included.
    Where is this restaurant located?
    The property is located at 39 Monroe St Monroe, MI.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Prime downtown Monroe, MI location.; Established business with strong name recognition.; Existing equipment included (with limitations).
    Request Owner's contact information
    39 Monroe St Monroe, MI 48161
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    Monroe, MI 48161
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    39 Monroe St Monroe, MI 48161
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