MLS Public Remarks Incredible opportunity to own one of Monroe's finest commercial properties! This well appointed brick building is located on the west side of the Historic Square with 2 nicely updated rental units! Main Level has window displays, lobby area, 2 private offices and 2 conference areas (could be used interchangeably), storage and kitchenette area with private half bath. The upper unit has a private entrance. Living room with exposed brick, dining area and kitchen complete with appliances. Could be a 1-2 bedroom unit (there would be a walk-through 1 bedroom). Laundry located in the 2nd bedroom. Basement currently used for storage has a concrete walk down entrance. Roof was replaced appx. 2018. Come check this one out to add to your portfolio!
Location City
Other Marketing Area
Mailing City Monroe
C/T/V City
Unit #
Directions 16th Ave South To West Side Of The Square, Property Is On The Right.
Real estate for sale Yes
Business for sale No
For lease only No
Ann. Rent/SqFt $7
Total Units/Bldg 2
Building Gross SqFt 3,037
Net Leasable SqFt 3,037
Year Built 1869
Source for Year Built Slr
Approx Bldg Dimen 25'x90'
Street Frontage 20
Parking Fees/Mo. $0
Onsite Parking 0
# of Stories 2
Ceiling Height Min 10
Ceiling Height Max 10
Number of Loading Docks 0
Zoning com/res
Est. Total Acres 0.05
Source Of Est Acres PubR
Lot Dimensions
Owner
Tradename Caradine Building
Land Assessment $14,800
Assessment Year 2022
Net Taxes $5,367
Tax Year 2022
Improvements $177,700
Total Assessment $192,500
Income/Expenses Year $2,022
Gross Operating Income $24,600
Annual Operating Exp $5,916
Net Operating Income $18,684
Unit |
Lease Type |
Lease Exp. Date |
Renewal Option |
Base Annual Rent |
Annual Rent/SqFt |
Other Fees/SqFt |
Gross SqFt |
1 |
Main |
06/30/2026 |
Yes |
$13,800 |
$7 |
$0 |
2,000 |
2 |
Upper |
10/01/2023 |
No |
$10,800 |
$10 |
$0 |
1,037 |
3 |
- |
0 |
0 |
$0 |
$0 |
$0 |
0 |
Items Included Refrigerator, Range/Oven, Microwave, Stand Up Washer/Dryer. All of the above located upstairs. Awning framing on main level
Items Excluded Seller's Personal Property, Tenant's Personal Property, Awning Sign, Refrigerator on main level.
Heating/Cooling Central air, Forced air
Water/Waste Municipal sewer, Municipal water
Basement Full, Other foundation, Walkout/Outside entrance
Fuel Natural gas
Seating Capacity
Type Apartment building, Office, Retail
Exterior Treatment Brick
Building Parking No Parking
Roofing All flat, Rubber/membrane
Terms/Option
Miscellaneous
Documents on File Lease(s)
Location Business district
Tenant Pays Air Conditioning, Electric, Heat, Sewer, Water
Present Use Apartment building, Office, Retail
Licenses None
Lease Type Other
Occupied by Owner, Tenant(s)
Sale Includes Lease(s)
Features Alley, Display window, Inside storage, Private Restrooms, Private office(s), Reception area
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Exit Professional Real Estate