UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 5,600 sqft
Price per Sqft $57
Municipality Bangor City
MLS Listing ID 25035651
Full Baths 7
Year Built 1892
Annual Tax Amount $7,864
Tax Year 2024
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 42x99
Property Sub-Type Business
Property Description
Welcome to 205 W Monroe Street, a beautifully maintained and fully leased commercial/residential property offering immediate cash flow and long-term potential. This is truly as turnkey as it gets!
✨ Property Highlights:
4 residential apartments - all currently leased
Restaurant tenant just signed a 2-year lease for the main commercial space
Coin-operated laundry facility for tenant convenience
Expansive basement ideal for storage or future value-add potential Located in the heart of Downtown Bangor, this property sits in a visible, high-traffic area and is surrounded by community charm and continued growth. With consistent rental income and zero vacancy, this property. Located in the heart of Downtown Bangor, this property sits in a visible, high-traffic area and is surrounded by community charm and continued growth. With consistent rental income and zero vacancy, this property.
Location
State MI
County Van Buren
Area Southwestern Michigan - S
Direction West on Monroe. Left on Railroad.
Interior
Interior Features Broadband
Heating Forced Air
Cooling Central Air
Inclusions Real Estate, Equipment
Exterior
Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected
View Y/N No
Roof Type Rubber
Street Surface Paved
Building
Foundation None, Stone
New Construction No
Schools
School District Bangor
Others
Tax ID 80-54-603-001-00
Ownership LLC
Acceptable Financing Cash
Listing Terms Cash
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Nick Schweihofer
Team Leader, Broker | License ID: 6506047709
Team Leader, Broker License ID: 6506047709
REVIEWS
- Nick did an awesome job in helping us find and purchase our condo. He listened to our wants and identified options and in the end we found a good fit for our needs for a vacation home Since we are far from Holland Nick set up a couple video tours to reduce travel. Thanks Nick for all the hard work and insight. We are very excited about our new home!Gordon L
- Nick was awesome to work with! I just went through the process of purchasing my first home and Nick couldn’t have made it any easier. He is super knowledgeable about the industry and the area. He answered all my questions and made sure to point out things I may not be thinking of since it was my first time going through the process. He was attentive, super responsive, easy to talk to, and truly cares about finding his clients a home they’ll love! I’m looking forward to working with him again in the future and would definitely recommend him as an agent!Emily Rzeszutko
- Nick was amazing to work with! This was my first time buying a house. Nick was very patient and took the time to walk me through everything and address all my questions. He was always quick to respond. He was clearly knowledgeable about the area and was great at pointing out and educating me on issues to watch for as we walked through houses. I absolutely recommend Nick to anyone buying or selling a home, and look forward to working with him again in the future!Kayla Kocal