101,103,105 E Front Street Monroe, MI ^$ 495,000

101,103,105 E Front Street

^$ 495,000

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Recently Listed

101,103,105 E Front Street

Monroe, MI, 48161

^$ 495,000

Studio Baths0.0 Sq 21,867

Monthly Estimate*

^$ 3,458

101,103,105 E Front Street, Monroe, MI 48161 - Image 1

101,103,105 E Front Street, Monroe, MI 48161 - Image 2

101,103,105 E Front Street, Monroe, MI 48161 - Image 3

Studio

Commercial Property for sale in Monroe, MI

for $495,000. This 21,867 square foot building was built in 1909 on a lot size of 0.15.

21000 sq ft brick and mortar building in Downtown Monroe on the river. Great Investment Opportunity! Great Cash Flow on this multi unit property! Located in the center of Monroe's commercial business district this is a great investment opportunity! With 20 rental units the annual income for 2023 was $75,900.

Commercial Active

Price

^$ 495,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 12,189

Style

Commercial/Industrial

Lot Size

0.15

Year Built

1909

Town/City

Monroe

County/Region

Monroe

MLS | Web ID

50141571

Features

General

Heating Boiler

Cooling Office Only Other Wall/Window A/C Window Unit(s)

Roof Flat Other-See Remarks

Water Public Water

Status Active Active

Year Built 1909

Parking Off Site

Water Heater Electric Gas

County Monroe

Class COM/IND/BUS OPP

Type Commercial/Industrial

Percent Ownership Private

Municipality Monroe

Zoning Professional Office Commercial

Subdivision MI

Flood Insurance Required

Commercial Features 3 Phase Power ADA Accessible Carpet Concrete Floor Internet Available No Elevator Occupied Private Restrooms Restroom(s) Wood Floors Fiber Optic Internet

Area Monroe (58026)

Primary City Monroe

Location Bus Service To Site Main Street

Directions E. Front St. at Washington St Downtown Monroe on the River

City Monroe

Street Name Front

Financial Terms Cash Conventional Land Contract

Legal Description legal to be attached

DOM 13

Postal Code 48161

Price Per Sq Ft Total 22.64

Coming Soon

Exterior

Exterior Block Brick Concrete/Block Masonry

Body of Water River Raisin

Lot Size Area 0.15

Lot Dimensions 63x107

Lot Description Downtown Dev Authority

Water Features River Frontage

Roads City/County Curbed Paved Street

Waterfront Y/N Yes

Interior

Ceiling Height Less than 16 Ft.

Fuel Type Natural Gas

* Excluded Features

List By

Edward Pipis

Listing Agent

Monroe Real Estate - Monroe

Broker

empipis@yahoo.com

Affordability Calculator

$4,473

Per Month

Monthly Principal & Interest: $3,458
Monthly Property Taxes: $1,016
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Monroe, MI

Average List Price ^$229,224

Percent of Sale Price 54%

About Monroe, MI

20,059 Population

-7% Since 2002

^$43,524 Median Income

37.98 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/9/2024	$495,000		Listed Price

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101,103,105 E Front Street, Monroe, MI, 48161 is a Commercial Property for sale at $495,000 with 21,867 sqft and a lot size of 0.15. 101,103,105 E Front Street is a studio with 0.0 baths and was built in 1909. The property's zip code is 48161 which is in Monroe, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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101,103,105 E Front Street

Commercial Property for sale in Monroe, MI

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