Property Type:
Commercial Sale
Baths:
4
Square Footage:
5,600
Lot Size (sq. ft.):
4,356
Status:
Active
Current Price:
$324,000
List Date:
1/16/2026
Last Modified:
2/22/2026
205 W Monroe Street, Bangor, MI 49013
$324,000
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 leasedRestaurant tenant signed a 2-year lease for the main commercial space. The restaurant has been remodeled.Coin-operated laundry facility for tenant convenienceExpansive basement ideal for storage or future value-add potential
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.
More Information MLS# 25035651
Location & Property Info
Cross Streets: Monroe and Railroad
Property Sub-Type: Business Opportunity
Area: Southwestern Michigan - S
Municipality: Bangor City
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 57.86
Prop Avail for Lease?: No
Current Bldg Use: Restaurant and 4 apartments with coin operated lau
General Property Info
New Construction: No
Lot Dimensions: 42x99
Road Frontage: 141
Mineral Rights: Unknown
Waterfront: No
Total # Units: 5
# of Diff Unit Floor Plans: 5
Total # Bldgs: 1
# Fin Bldg Lvls: 2
Total SqFt: 5600
Property Use Type: Investment
School District: Bangor
Lot Measurement: Acres
Lot Acres: 0.1
Lot Square Footage: 4356
Year Built: 1892
Full Baths: 7
Total Baths: 4
Tax Info
Taxable Value: 108265
SEV: 126700
For Tax Year: 2024
Seller's Annual Property Tax: 7864
Tax Year: 2024
Homestead %: 0
Spec Assessment & Type: UNKNOWN
Tax ID #: 80-54-603-001-00
Remarks & Misc
Public Remarks: 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 leasedRestaurant tenant signed a 2-year lease for the main commercial space. The restaurant has been remodeled.Coin-operated laundry facility for tenant convenienceExpansive basement ideal for storage or future value-add potential
Legal: see agent remarks
Waterfront Options
Water Access Y/N: No
Street Type
Paved: 1
Public: 1
Property Use
Business: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Restaurant: 1
Other: 1
Construction Type
Concrete: 1
Frame/Wood: 1
Other: 1
Roofing
Rubber: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
LLC: 1
Below Grade
Basement: 1
Full: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Docs at List Office
Aerial Photo: 1
Plat Map: 1
Traffic Study: 1
Business Includes
Equipment: 1
Real Estate: 1
Foundation
Stone: 1
Util Avail at St
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Tenant Pays All
Electric: 1
Gas: 1
Sewer: 1
Water: 1
Driveway
None: 1
Purchase Terms Avail
Cash: 1
Other: 1
Unit 1
Occupied: Yes
# Baths: 1
Tenant Pays Gas: 1
Tenant Pays Sewer: 1
Tenant Pays Water: 1
Unit 2
Occupied: Yes
Tenant Pays Electric: 1
# Baths: 1
Tenant Pays Gas: 1
Tenant Pays Sewer: 1
Tenant Pays Water: 1
Unit 3
Occupied: Yes
Tenant Pays Electric: 1
# Baths: 1
Tenant Pays Gas: 1
Tenant Pays Sewer: 1
Tenant Pays Water: 1
Unit 4
SqFt: 730
Occupied: Yes
Tenant Pays Electric: 1
# Baths: 1
Tenant Pays Gas: 1
Tenant Pays Sewer: 1
Tenant Pays Water: 1
Unit 5
Occupied: Yes
Tenant Pays Electric: 1
# Baths: 1
Tenant Pays Gas: 1
Tenant Pays Sewer: 1
Tenant Pays Water: 1
Possession
Close Of Escrow: 1
Negotiable: 1
Location Property Info
County: Van Buren
Street #: 205
Street Direction: W
Street Name: Monroe
Suffix: Street
State: MI
Zip Code: 49013
OfficeContract Info
Status: Active
Current Price: $324,000
List Price: $324,000
Listing Date: 2025-07-18
Remarks Misc
Directions: West on Monroe. Left on Railroad.
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
Listing Office:
@properties Christie's International R.E.
Listing Agent:
Christina Castaneda
Last Updated: February - 22 - 2026
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