MLS # 20261015145 (Realcomp)

Endless potential awaits with this 6,432 sq ft mixed-use commercial/residential property situated on a desirable riverfront lot. The upper level features two spacious apartment units, one offer a 2 bed, 1 full bathroom, and full kitchens, providing immediate income potential or owner-occupant flexibility. The other being a 1 bedroom. Both residential units have Certificates of Occupancy and are occupied by long-term month-to-month tenants (over 5 years). The expansive lower level was previously operated as a pool hall and offers a large open layout ready for transformation. With MU-2 zoning, the possibilities are wide open—convert the space into retail storefront, office space, restaurant, entertainment venue, or other mixed-use concepts. Property features include two furnaces (one replaced within the last few years), roof updated in 2019, and an AC for the lower level. Priced to sell and offered as-is, this is a rare opportunity to bring your vision to life and unlock the full potential of this unique mixed-use property.
Source: SparkMLS
Final sale price: $145,000.
Annual property taxes run approximately $5,191 ($433/month). 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.
Location
Construction & Systems
Sale & Financing
Source: SparkMLS
Source: SparkMLS
FEMA Flood Zone: Zone AE — 100-year floodplain
Flood insurance required for federally backed mortgages
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Erica Hussey
Real Estate One-Southgate
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
DTE Electric Company
Investor-Owned
Michigan Gas Utilities Corporation
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
411 E Front Street, Monroe, MI 48161
View full property history →
Municipality
Monroe
View all listings →
County
Monroe County
View county overview →
We'll notify you when something hits the market in Monroe or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.