106-112 W Front St - Office/Residential FOR SALE


Monroe, MI 48161- Downtown Monroe
$399,900 USD
734-345-2999
106-112 W Front St, Monroe, MI for Sale
$399,900 USD
Office/Residential - FOR SALE
1/13
null | Request Cap Rate

106-112 W Front St
Monroe, MI 48161
Downtown Monroe


OVERVIEW

Check out this awesome investment property! It’s located right on the riverfront, in a vibrant downtown area. It’s a mixed-use property with three office suites and three cozy one-bedroom apartments. There’s even a large garage and a spacious basement. The property was renovated back in 1995, so it’s got a great mix of old and new charm. It has a new roof and new A/C units. This property is very well kept. The gross rents are a whopping $56,000, and the net operating income is $37,000. Plus, it’s super convenient - it’s right next to a park, the River Raisin, and a bakery shop. What more could you want?

FOR SALE DETAILS

PRICE

$399,900 USD

PRICE/SF

$58 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1893

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

COMM

APN/PARCEL ID

55-29-00447-000

ASK ABOUT THIS PROPERTY

Tom FritzColdwell Banker Commercial Haynes Fritz & McNewMore Info
734-345-2999

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Tom FritzColdwell Banker Commercial Haynes Fritz & McNewMore Info
734-345-2999

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.