$390,000
$399,900
2.5%For more information regarding the value of a property, please contact us for a free consultation.
6,790 SqFt
SOLD DATE : 07/09/2025
Key Details
Sold Price $390,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 6,790 sqft
Price per Sqft $57
Municipality Monroe City
Subdivision Monroe City
MLS Listing ID 50167206
Sold Date 07/09/25
Year Built 1900
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Industrial
Source MiRealSource
Property Description
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?
Location
State MI
County Monroe
Area Monroe County - 60
Zoning Commercial
Interior
Heating Forced Air
Cooling Central Air, Wall Unit(s)
Exterior
View Y/N No
Roof Type Metal
Building
Sewer Public
Structure Type Brick
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