319-325 S. Monroe Street is a multi-tenant retail center 100% leased to four tenants. The building measures approximately 7,680 square feet and is situated on a 0.38-acre parcel. The building improvements are masonry block construction with plate glass and anodized aluminum frame storefronts. There are 18 on-site parking spaces for a ratio of 2.34 per 1,000 SF. The parking lot was recently sealed and striped and the roof had a new covering applied in 2025. The property is in excellent condition and has been well maintained by the owner.
The property is 100% leased and two tenants just renewed their leases at higher rents. The rent for Bella Cosa Salon increased by 10% in the latest option and the rent for Monroe Hookah Lounge increased by 18% with the most recent extension. These renewals demonstrate the strength of the local retail market and attractiveness of the asset.