$324,000
Bangor, MI 49013
MLS# 25035651
4 baths | 5600 sqft
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Property Description
Turnkey Investment Opportunity - Fully Leased Mixed-Use Building in the Heart of Downtown Bangor! 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
Details
Maps
Location Property Info
County: Van Buren
Street #: 205
Street Direction: W
Street Name: Monroe
Suffix: Street
State: MI
Zip Code: 49013
Area: Southwestern Michigan - S
OfficeContract Info
Status: Active
Current Price: $324,000
List Price: $324,000
Listing Date: 2025-07-18
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 0.1
Lot Square Footage: 4356
Lot Dimensions: 42x99
Year Built: 1892
Road Frontage: 141
Mineral Rights: Unknown
Total # Units: 5
# Fin Bldg Lvls: 2
# of Diff Unit Floor Plans: 5
Total # Bldgs: 1
Total SqFt: 5600
Property Use Type: Investment
Full Baths: 7
Total Baths: 4
Waterfront: No
School District: Bangor
Tax Info
Tax ID #: 80-54-603-001-00
Taxable Value: 108265
SEV: 126700
For Tax Year: 2024
Seller's Annual Property Tax: 7864
Tax Year: 2024
Spec Assessment & Type: UNKNOWN
Remarks Misc
Directions: West on Monroe. Left on Railroad.
Waterfront Options
Water Access Y/N: No
Unit 1
Occupied: Yes
# Baths: 1
Unit 2
Occupied: Yes
# Baths: 1
Unit 3
Occupied: Yes
# Baths: 1
Unit 4
SqFt: 730
Occupied: Yes
# Baths: 1
Unit 5
Occupied: Yes
# Baths: 1
Property Features
Property Use: Business
Uses: Restaurant; Other
Ownership: LLC
Business Includes: Equipment; Real Estate
Construction Type: Concrete; Frame/Wood; Other
Roofing: Rubber
Foundation: Stone
Below Grade: Basement; Full
Tenant Pays All: Electric; Gas; Sewer; Water
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: None
Street Type: Paved; Public
Purchase Terms Avail: Cash; Other
Docs at List Office: Aerial Photo; Plat Map; Traffic Study
Sale Conditions: None
Unit 1: Tenant Pays Gas; Tenant Pays Sewer; Tenant Pays Water
Unit 2: Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Sewer; Tenant Pays Water
Unit 3: Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Sewer; Tenant Pays Water
Unit 4: Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Sewer; Tenant Pays Water
Unit 5: Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Sewer; Tenant Pays Water
Possession: Close Of Escrow; Negotiable
Supplements
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.
Listing Office: @properties Christie's International R.E.
Listing Agent: Christina Castaneda
Last Updated: January - 16 - 2026
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