Front St Monroe, MI 48161
- Commercial real estate
- 0.15 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Front St
- Year built
- 1909
- Lot size
- 0.15 lot acres
- Property type
- Commercial real estate
Description
This exceptional commercial property, located at 101, 103, and 105 E. Front St. in Monroe, MI, presents a compelling investment opportunity. Listed at $495,000, this 21,867 square foot building, constructed in 1909, boasts 20 rentable units generating over $77,000 in annual income. Situated on a 0.15-acre lot in Monroe's vibrant riverfront district, the property benefits from high foot traffic and visibility due to its central location near shops and restaurants. The historic brick exterior complements modern upgrades including a boiler heating system, window air conditioning units, and access to public water and sewer. The diverse unit sizes cater to a range of tenants, from retail to office spaces, ensuring flexibility and growth potential. Monroe's expanding commercial market, coupled with its proximity to Detroit and Toledo, further enhances the property's value. This location offers high visibility and accessibility for businesses, making it ideal for new ventures or redevelopment. The combination of historic charm, consistent income, and significant growth potential makes this a truly remarkable investment opportunity. This property offers a strong cash flow and a versatile space for various business types.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Monroe
- County
- Monroe
- State
- Michigan
- Longitude
- -83.3968
- Latitude
- 41.9163
