501 E First Street Monroe, MI ^$ 350,000

501 E First Street

^$ 350,000

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Recently Listed

501 E First Street

Monroe, MI, 48161

^$ 350,000

Bedrooms-- Baths-- Sq 7,629

Monthly Estimate*

^$ 2,417

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Commercial Property for sale in Monroe, MI

for $350,000. This 7,629 square foot building was built in 1915 on a lot size of 0.26.

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.

Commercial Active

Price

^$ 350,000

Property Type

Commercial

Taxes

^$ 4,985

Style

Commercial/Industrial

Lot Size

0.26

Year Built

1915

Town/City

Monroe

County/Region

Monroe

MLS | Web ID

50224129

Features

General

Heating Forced Air

Cooling Central A/C

Water Public Water

Status Active Active

Year Built 1915

Water Heater Gas

County Monroe

Class COM/IND/BUS OPP

Type Commercial/Industrial

Ownership LLC

Municipality Monroe

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Commercial Features Alley Concrete Floor Drive-In Flr Thickness: 6+ - 8 In. Pole Sign Restroom(s) Showroom Sidewalks

Area Monroe (58026)

Primary City Monroe

Directions Head EAST on First Street - property is half mile PAST Washington on the NORTH side of the street.

City Monroe

Financial Terms Cash Conventional

Legal Description WADSWORTH AND NAVARRE PLAT SOUTH 87 FT OF LOT 196

DOM 1

Postal Code 48161

Price Per Sq Ft Total AG 45.88

Public Remarks This unique offering includes two parcels featuring a commercial building attached storage garage and adjacent income-producing residential property with approximately 7

Exterior

Exterior Block Vinyl Trim

Frontage 145

Lot Size Area 0.26

Lot Dimensions 145 x 96

Waterfront Y/N No

Interior

Ceiling Height 16-20 Feet

Fuel Type Natural Gas

* Excluded Features

List By

Cole McNew

Listing Agent

Coldwell Banker Haynes Real Estate Commercial

Broker

cole@colemcnew.com

Affordability Calculator

$2,833

Per Month

Monthly Principal & Interest: $2,417
Monthly Property Taxes: $415
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% 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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Nearby

Trends
Schools

Commerical listings in Monroe, MI

Average List Price ^$185,049

Percent of Sale Price 47%

About Monroe, MI

20,059 Population

-7% Since 2002

^$43,524 Median Income

37.98 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/7/2026	$350,000		Listed Price

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501 E First Street, Monroe, MI, 48161 is a Commercial Property for sale at $350,000 with 7,629 sqft and a lot size of 0.26. 501 E First Street was built in 1915. The property's zip code is 48161 which is in Monroe, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% 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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501 E First Street

Commercial Property for sale in Monroe, MI

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