For Sale
1140 S Monroe Street, Monroe, MI 48161
$600,000
MLS # 20261052639 (Realcomp)
Built 19982.31 acres
1 / 30
Listing Description
Attention all restauranteurs! The business of Casa De Margarita is for sale. This turn-key restaurant has been completely renovated in 2025. It has a new kitchen, a new bar, all new furniture and booths, new flooring, and electrical. You will love how it is decorated and how clean it is. It has a beautiful outdoor patio for dining and the restaurant seats 310. It is on 2.31 acres and has a huge parking lot. It opened on 12/17/2025 and due to medical reasons the owner is forced to sell. The sale includes a class C and a SDM Liquor License. DO NOT DISTURB THE CUSTOMERS OR EMPLOYEES! All information is estimated and show be verified.
Source: SparkMLS
About this home
Asking $600,000.
Estimated annual property tax: $18,431, or about $1,536 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by Michigan Gas Utilities Corporation.
Listing Property Details
Property TypeCommercial Sale
Property SubtypeBusiness Opportunity
Bathrooms0
Lot Size2.31 acres
Year Built1998
Location
CityMonroe
MunicipalityMonroe Twp
Zip Code48161
CountyMonroe
School DistrictMonroe
Construction & Systems
ConstructionWood Siding, Stone
BasementBasement
HeatingForced Air
WaterPublic
Sale & Financing
Listed7/12/2026
Source: SparkMLS
Tax Information
Annual Tax$18,431
Parcel #581202021700
Source: SparkMLS
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by David D Misko
Van Esley Real Estate Inc
Frequently Asked Questions about 1140 S Monroe Street, Monroe, MI 48161
What school district is 1140 S Monroe Street, Monroe, MI 48161 in?
Per MLS# 20261052639, this property is served by Monroe. In Michigan, school district boundaries are set by the state and do not always follow city limits.
How much are property taxes for this home?
Per MLS# 20261052639, the most recent reported annual property tax for 1140 S Monroe Street, Monroe, MI 48161 is $18,431. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 1140 S Monroe Street, Monroe, MI 48161 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 1140 S Monroe Street, Monroe, MI 48161 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Michigan Gas Utilities Corporation. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Monroe County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
Map
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Monthly payment$3,892
Principal & interest$3,892
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Michigan Gas Utilities Corporation
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
1140 S Monroe Street, Monroe, MI 48161
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Municipality
Monroe Township
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County
Monroe County
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