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$ 350,000
Est. payment /mo
Active
501 E First Street Monroe, MI 48161
7,629 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 7,629 sqft
Price per Sqft $45
Subdivision Mi
MLS Listing ID 50224129
Year Built 1915
Annual Tax Amount $4,985
Tax Year 2024
Lot Size 0.260 Acres
Acres 0.26
Lot Dimensions 145 x 96
Property Sub-Type Commercial/Industrial
Property Description
This unique offering includes two parcels featuring a commercial building, attached storage garage, and adjacent income-producing residential property with approximately 7,629 SF combined. Formerly utilized for a heating and cooling business, the commercial space offers flexibility for a variety of potential uses with convenient street, garage, and off-alley parking. The residential property is currently fully occupied, providing an established income stream from day one. The current owner occupies the commercial building and will vacate upon sale. With distinctive character, multiple buildings, existing rental income, and two parcels included, this property presents an excellent opportunity for an owner-user, investor, or entrepreneur looking for a versatile property in Monroe.
Location
State MI
County Monroe
Area Monroe (58026)
Interior
Heating Forced Air
Cooling Central A/C
Building
Foundation Slab
Water Public Water
Structure Type Block,Vinyl Trim
Others
Ownership LLC
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Coldwell Banker Haynes Real Estate Commercial
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