MI > Monroe > Mi
Monroe, MI 48161,101,103,105 E Front Street
Monroe, MI 48161,101,103,105 E Front Street
Monroe, MI 48161,101,103,105 E Front Street
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$495,000
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21,867 SqFt
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101, 103, 105 E Front Street Monroe, MI 48161

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Scott Clay

Scott Clay

+1(989) 332-1712

UPDATED:

10/31/2024 07:35 PM

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

MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Monroe Real Estate - Monroe

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Scott Clay

Broker/Owner | License ID: 6502432343

+1(989) 332-1712

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101,103,105 E Front Street