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.
Three of the leases expire in the next year and contract rents are below market. Two of the leases include options at fair market rent, giving an investor the opportunity to significantly increase the income by renewing the leases at market rent. With no deferred maintenance and no current vacancy, the asset is an ideal value-add investment with limited downside and substantial upside income potential.