501 E First St, Monroe, Michigan
$350,000
0.26
Acres
About 501 E First St
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.
Features of 501 E First St
| MLS® # | 57050224129 |
|---|---|
| Price | $350,000 |
| Bathrooms | 0.00 |
| Acres | 0.26 |
| Year Built | 1915 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 501 E First St |
|---|---|
| Area | 06122 - Monroe |
| City | Monroe |
| County | Monroe |
| State | Michigan |
| Zip Code | 48161 |
Amenities
| Utilities | Natural Gas Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Construction | Block, Vinyl Siding |
|---|---|
| Foundation | Slab |
School Information
| District | Monroe |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker Haynes Real Estate Commercial |
|---|---|
| Contact Info | cole@colemcnew.com |