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2020 N Monroe

Monroe, MI 48162
  • $75,000
  • STATUS: Closed
  • ON SITE: 2209 Days
  • MLS #: 31375935
Sold - 06/05/2024
$75,000
SOLD - 06/05/2024
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,903
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Business Opportunity
Built:
1965
County:

School Ratings & Info

Description

Lucrative Investment Opportunity! This income property boasts a thriving barber shop and salon, strategically positioned in a high-traffic location. The property is fully leased and turnkey, making it an effortless addition to your investment portfolio. Operating five days a week, it features nine booths, seven of which are consistently rented year-round, ensuring a steady stream of rental income. Additionally, there's a massage room and all necessary equipment is included, making it a seamless transition for the new owner. The current owner is ready to retire, providing you with a golden opportunity to not only generate rental income but also supplement your overall financial portfolio by owning this piece of real estate. Don't miss your chance to capitalize on this profitable venture. Tenants on month to month lease.

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[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-04-28T13:53:09.977.
www.sellsmi.com/homes/93563645
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2020 N Monroe Monroe, MI 48162

  • Price: $75,000
  • Status: Closed
  • On Site: 2209 Days
  • Updated: 75 min ago
  • MLS #: 31375935
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1,903
SQFT
$0
$/SQFT
1965
Built
Neighborhood:
Frenchtown Twp (58007)
County:
Monroe
Area:
Frenchtown Twp (58007)
Property Description
Lucrative Investment Opportunity! This income property boasts a thriving barber shop and salon, strategically positioned in a high-traffic location. The property is fully leased and turnkey, making it an effortless addition to your investment portfolio. Operating five days a week, it features nine booths, seven of which are consistently rented year-round, ensuring a steady stream of rental income. Additionally, there's a massage room and all necessary equipment is included, making it a seamless transition for the new owner. The current owner is ready to retire, providing you with a golden opportunity to not only generate rental income but also supplement your overall financial portfolio by owning this piece of real estate. Don't miss your chance to capitalize on this profitable venture. Tenants on month to month lease.
Exterior Features

Exterior Construction BrickVinyl Siding Foundation Type Slab Frontage 50 Location Main Street Lot Size 50 x 168 Parking 6-10 Spaces Roads City/CountyPaved Street Roofing Shingles Site Depth 168 Waterfront YN No

Interior Features

Basement YN No Commercial Features Restroom(s)Roof Sign Cooling System Central A/C Fuel Type Natural Gas Heating System Forced Air Water Heater Gas

Property Features

Additional Documents YN No Assessments YN No Business Type Beauty/Barber Shop Commercial Type Business Environmental Condition YN No Financial Terms CashConventional Lease YN No License Available YN No Municipality Frenchtown Twp Ownership Private Sale Includes Business and Real EstateInventory Seller Concessions YN No Sewer Septic Public Sanitary Subject To Short Sale Approval No Summer Tax Amount 526 Summer Tax Year 2018 Total Tax Amount 2251 Total Tax Year 2018 Water Public Water Winter Tax Amount 1725 Winter Tax Year 2018

Listing courtesy of Coldwell Banker Haynes R.E. in Monroe : 734-242-8484.

Source MLS: MiRealSource
Originating MLS: Southeastern Border AOR MLS

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-04-28T13:53:09.977.
 
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5400 Gateway Center Ste B
Mundy Twp MI, 48507