Mid-Mitten Realty
101,103,105 E Front Street Active Save Request In-Person Tour Request Virtual Tour
Monroe,MI 48161
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 21,867 sqft
Price per Sqft $22
Subdivision Mi
MLS Listing ID 50141571
Year Built 1909
Annual Tax Amount $12,189
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 63x107
Property Description
Looking for a standout investment? The commercial property at 101, 103, and 105 E. Front St.in Monroe, Mi. is a perfect match for investors and business owners. Listed for $495,000, this historic building offers 21,867 square feet of prime commercial space in the heart of Monroe's riverfront district. Built in 1909. it features 20 rentable units that generate over $77,000 in annual income. It's central location, just steps away from local shops, restaurants, and the river, makes it an attractive spot for tenants, ensuring a steady flow of rental revenue. The property combines the charm of it's historic brick exterior with practical modern upgrades, including a boiler heating system, window air conditioning units, and access to public water and sewer systems. With a variety of unit sizes, it accommodates a diverse range of tenants, from retail storefronts to office spaces, making it a flexible investment with significant growth potential. Monroe's expanding commercial market adds further value to this property. The city's proximity to Detroit and Toledo makes it a central hub for both business and customers. The property's location, right in the heart of the downtown area, ensures high foot traffic and visibility for tenants.This makes it an ideal location for new businesses, creative ventures, or even redevelopment opportunities foe investors with a vision to modernize historic spaces. Whether you're looking to expand your real estate portfolio or seeking a long-term investment with reliable cash flow, this property offers both historic charm and financial appeal. It's a versatile building with strong, consistent income and endless potential for future growth. Don't miss out on this incredible opportunity. For more information or to schedule a viewing, call Monroe Real Estate at 734-243-3000. This could be the key to unlocking your next successful real estate venture!
Location
State MI
County Monroe
Area Monroe (58026)
Zoning Professional Office,Commercial
Interior
Heating Boiler
Cooling Office Only,Other,Wall/Window A/C,Window Unit(s)
Exterior
Garage Off Site
Waterfront Yes
Roof Type Flat,Other-See Remarks
Building
Lot Description Downtown Dev Authority
Foundation Basement
Water Public Water
Structure Type Block,Brick,Concrete/Block,Masonry
Others
Ownership Private
SqFt Source Appraisal
Energy Description Natural Gas
Financing Cash,Conventional,Land Contract