See all 26 photos
26 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$255,000
Est. payment /mo
3 Baths
3,484 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261069235
HOA Y/N true
Year Built 1890
Annual Tax Amount $2,461
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 140x155x68
Source Realcomp
Property Description
LAND CONTRACT TERMS AVAILABLE WITH 25% DOWN. 910 Monroe Street sits at the heart of downtown Carleton, offering a rare chance to own a piece of the community's history while building real, tangible income. Believed to be the oldest commercial building in Carleton, this 1890-built mixed-use property spans 3,856 square feet above grade and combines a ground-floor commercial unit with three second-floor apartments — a layout built for flexibility, whether you're launching a storefront, growing a portfolio, or doing both at once. The main level presents a blank canvas: a vacant commercial space ready for your business concept, retail vision, or office use, positioned to take advantage of steady downtown foot traffic. Upstairs, three residential units—two one-bedroom apartments and a studio—are currently occupied and generate $1,650 in monthly rental income. All three apartments received new windows in 2023, a meaningful upgrade that improves energy efficiency and reduces near-term maintenance costs for the next owner. What makes this property stand out is the built-in income stream working in your favor from day one — tenant rent already offsetting the mortgage while you determine your plans for the commercial space below. Few opportunities offer this level of built-in cash flow paired with the character and street presence of a nearly 135-year-old landmark building. This is a motivated seller situation, and the numbers speak for themselves. Showings require 24 hours' notice along with proof of funds or pre-approval, so serious buyers should come prepared to move. Historic character, income-producing tenants, and downtown visibility rarely align this well — schedule your showing before this one is gone.
Location
State MI
County Monroe
Zoning Multi-Family
Direction Grafton and Monroe
Rooms
Basement Crawl Space
Interior
Heating Forced Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Water Public
Structure Type Brick
Others
Tax ID 584103001200
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Read Less Info
Listed by Kime Realty
Nearby Locations
GET MORE INFORMATION