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611 S Monroe

Monroe, MI 48161
  • $159,000
  • STATUS: Active
  • ON SITE: 163 Days
  • MLS #: 50137546
UPDATED: 44 min ago
$159,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,451
    SQFT
  • $46
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1913
County:

School Ratings & Info

Description

Discover a versatile investment with this three-unit mixed-use property, perfectly positioned in the bustling heart of Monroe. Boasting a combination of residential and commercial spaces, this property offers immense potential for investors seeking a lucrative venture in a thriving location. At the forefront of the property stands a spacious three-bedroom home, which could provide comfortable living quarters for residents seeking convenience and charm. Adjacent to the residence, a retail store awaits, poised to accommodate a diverse range of businesses. With a prominent street frontage, this retail unit presents an unparalleled opportunity for entrepreneurs to establish their presence in a high-traffic area. Completing the trio of offerings is a versatile workshop space, perfect for artisans, or craftsmen. Equipped with essential amenities and ample room for creativity, this workshop adds invaluable utility to the property. Replacement windows throughout. Both furnaces are new. Some new siding and insulation. Convenience is key, with parking available both in front and behind the property, ensuring hassle-free access for residents, customers, and employees alike. Situated just a stone's throw from Monroe's bustling downtown business district, this property enjoys unparalleled proximity to a wealth of amenities and attractions. Surrounding neighbors include renowned establishments such as Kroger Grocery, Hungry Howies Pizza, Jimmy Johns, McDonald's, convenience stores, and an array of other thriving businesses. Don't miss this rare opportunity to secure a lucrative investment in one of Monroe's most sought-after locations. Whether you're an astute investor, a budding entrepreneur, or a homeowner seeking additional income streams, this mixed-use property promises potential. Schedule your viewing today and unlock the gateway to urban prosperity!

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[MiRealSource] logo ©2024 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: 2024-09-13T23:49:57.863.
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611 S Monroe Monroe, MI 48161

  • Price: $159,000
  • Status: Active
  • On Site: 163 Days
  • Updated: 44 min ago
  • MLS #: 50137546
0
Beds
0
Baths
0
½ Baths
0.21
Acres
3,451
SQFT
$46
$/SQFT
1913
Built
Neighborhood:
Monroe (58026)
County:
Monroe
Area:
Monroe (58026)
Property Description
Discover a versatile investment with this three-unit mixed-use property, perfectly positioned in the bustling heart of Monroe. Boasting a combination of residential and commercial spaces, this property offers immense potential for investors seeking a lucrative venture in a thriving location. At the forefront of the property stands a spacious three-bedroom home, which could provide comfortable living quarters for residents seeking convenience and charm. Adjacent to the residence, a retail store awaits, poised to accommodate a diverse range of businesses. With a prominent street frontage, this retail unit presents an unparalleled opportunity for entrepreneurs to establish their presence in a high-traffic area. Completing the trio of offerings is a versatile workshop space, perfect for artisans, or craftsmen. Equipped with essential amenities and ample room for creativity, this workshop adds invaluable utility to the property. Replacement windows throughout. Both furnaces are new. Some new siding and insulation. Convenience is key, with parking available both in front and behind the property, ensuring hassle-free access for residents, customers, and employees alike. Situated just a stone's throw from Monroe's bustling downtown business district, this property enjoys unparalleled proximity to a wealth of amenities and attractions. Surrounding neighbors include renowned establishments such as Kroger Grocery, Hungry Howies Pizza, Jimmy Johns, McDonald's, convenience stores, and an array of other thriving businesses. Don't miss this rare opportunity to secure a lucrative investment in one of Monroe's most sought-after locations. Whether you're an astute investor, a budding entrepreneur, or a homeowner seeking additional income streams, this mixed-use property promises potential. Schedule your viewing today and unlock the gateway to urban prosperity!
Exterior Features

Foundation Type BasementCrawl Frontage 60 Location Main Street Lot Size 60 x 150 Parking 3-5 Spaces Roads Paved Street Roofing Shingles Site Depth 150 Waterfront YN No

Interior Features

Basement YN Yes Commercial Ceiling Height Less than 16 Ft. Commercial Features Restroom(s)Sidewalks 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 Retail Commercial Type Commercial/Industrial Environmental Condition YN No Financial Terms CashConventional Lease YN No License Available YN No Municipality Monroe Ownership Private Sale Includes Real Estate Only Sewer Septic Public Sanitary Subject To Short Sale Approval No Summer Tax Amount 1708 Summer Tax Year 2023 Total Tax Amount 3286 Water Public Water Winter Tax Amount 1578 Winter Tax Year 2023 Zoning Commercial

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 ©2024 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: 2024-09-13T23:49:57.863.
 
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The BRAND Real Estate
5400 Gateway Center Ste B
Mundy Twp MI, 48507