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2020 N Monroe Street Monroe, MI $ 75,000
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$ 75,000 Get more info
2020 N Monroe Street
$ 75,000
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2020 N Monroe Street

Monroe, MI, 48162
$ 75,000
Baths0.0 Sq 1,903

Monthly Estimate*

$ 524

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Studio

Commercial Property for sale in Monroe, MI

for $75,000. This 1,903 square foot building was built in 1965 on a lot size of 0.19.

Lucrative Investment Opportunity! This income property boasts a thriving barber shop and salon, strategically positioned in a high-traffic location. The property is fully leased and turnkey, making it an effortless addition to your investment portfolio. Operating five days a week, it features nine booths, seven of which are consistently rented year-round, ensuring a steady stream of rental income. Additionally, there's a massage room and all necessary equipment is included, making it a seamless transition for the new owner. The current owner is ready to retire, providing you with a golden opportunity to not only generate rental income but also supplement your overall financial portfolio by owning this piece of real estate. Don't miss your chance to capitalize on this profitable venture. Tenants on month to month lease.

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Commercial Active

Price

$ 75,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 2,251

Style

Business

Lot Size

0.19

Year Built

1965

Town/City

Monroe

County/Region

Monroe

MLS | Web ID

31375935
Features
General
Heating Forced Air
Cooling Central A/C
Roof Shingles
Water Public Water
Status Active Active
Year Built 1965
Parking 6-10 Spaces
Water Heater Gas
County Monroe
Class COM/IND/BUS OPP
Type Business
Percent Ownership Private
Municipality Frenchtown Twp
Commercial Features Restroom(s) Roof Sign
Area Frenchtown Twp (58007)
Location Main Street
City Monroe
Street Name Monroe
Financial Terms Cash Conventional
Legal Description F1044A SEC 29 T6S R9E & PC 353 0.19 AMOL COM 1252.7 FT N 24 DEG 45'E FR INT E LI NORTH MONROE ST W/N LI BEVERLY PARK SUB TH N 24 DEG 45'E 50 FT TH S 65 DEG 15'E 168.5 FT TH S 24 DEG 45'W 50 FT
DOM 1847
Price Per Sq Ft 39.41
Coming Soon Lucrative Investment Opportunity! This income property boasts a thriving barber shop and salon strategically positioned in a high-traffic location. The property is fully leased and turnkey
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Exterior
Exterior Brick Vinyl Siding
Frontage 50
Lot Size Area 0.19
Lot Dimensions 50 x 168
Roads City/County Paved Street
Waterfront Y/N No
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Interior
Fuel Type Natural Gas
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* Excluded Features
List By
Tom Fritz

Listing Agent

Coldwell Banker Haynes R.E. - Monroe

Broker

tom.fritz@me.com

Email

Affordability Calculator

$711
Per Month
74%
26%
0%
Monthly Principal & Interest
$524
Monthly Property Taxes
$188
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/22/2024$75,000 -40.00% Price Down
10/25/2023$125,000 -26.43% Price Down
2/2/2023$169,900 -5.56% Price Down
8/25/2022$179,900 -2.76% Price Down
8/8/2022$185,000 -7.04% Price Down
7/20/2022$199,000 -11.56% Price Down
2/8/2021$225,000 -21.05% Price Down
4/10/2019$285,000 Listed Price

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2020 N Monroe Street, Monroe, MI, 48162 is a Commercial Property for sale at $75,000 with 1,903 sqft and a lot size of 0.19. 2020 N Monroe Street is a studio with 0.0 baths and was built in 1965. The property's zip code is 48162 which is in Monroe, MI

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