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114 E Washington Street Monroe, IA $ 225,000
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$ 225,000 Get more info
114 E Washington Street
$ 225,000
Back to search
Share Save

114 E Washington Street

Monroe, IA, 50170
$ 225,000
Baths0.0 Sq 2,124

Monthly Estimate*

$ 1,495

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Studio

Commercial Property for sale in Monroe, IA

for $225,000. This 2,124 square foot building was built in 1951 on a lot size of 0.0551.

Mikes Lounge has been serving the Monroe community for 44 years and the owner is looking to retire. This is a unique opportunity to take over a thriving business and make it your own. Mike's lounge currently offers a full bar with plenty of space for seating and a kitchen with pizza ovens for an added revenue source. This price also includes the beer garden lots next to the bar at 116 E Washington. That's not all! There is an additional INCOME opportunity by renting out the 1 bedroom apartment located behind the bar with its own private entrance. The apartment is currently vacant giving the new owner the opportunity to live in the apartment or rent it out. Metal roof, stone exterior, and a new water heater in 2022. Call today for a private showing!

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Commercial Active

Price

$ 225,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 766

Style

Retail

Lot Size

0.0551

Year Built

1951

Town/City

Monroe

County/Region

Jasper

MLS | Web ID

690345
Features
General
Sewer PublicSewer
Heating ForcedAir Gas NaturalGas
Cooling CentralAir
Roof Metal
Zoning Com
Construction Materials Block Stone
Year Built 1951
Property SubType Retail
Tax Year 2024
County Jasper
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
Directions From HWY 163 head east towards Monroe. Take exit 25 to Monroe take a left off the exit and turn left on W Washington St.
City Monroe
View Y/N N
Senior Community Y/N N
High School District Pcm (Prairie City-Monroe)
MLS Area Monroe
Lot Size Square Feet 2400.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Washington
Listing Terms Cash Conventional
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 766.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 83
Standard Status Active
Occupancy Type Owner
Middle/Junior School District Pcm (Prairie City-Monroe)
Elementary School District Pcm (Prairie City-Monroe)
Property Sub Type Additional Retail
Legal Description TOOL'S POINT E 20' OF W 40' OF LOT 7 BLK 10
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Exterior
Water Source Public
Lot Size Area 0.0551
Spa N
Building Area Total 2124.0
Lot Dimensions 20X120
Lot Size Acres 0.0551
Road Surface Type Concrete
Lot Size Units Acres
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
3/4 Baths 0
Street Suffix Street
Total Bedrooms 0
Electric On Property Y/N N
Total Baths 0
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Internal Only
Street Number 1 114
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* Excluded Features
List By
Crystal Arguello

Listing Agent

Realty One Group Impact

Broker

crystal.youragent@gmail.com

Email

Affordability Calculator

$1,559
Per Month
96%
4%
0%
Monthly Principal & Interest
$1,495
Monthly Property Taxes
$64
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1177557 Elementary School
1177529 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/23/2024$225,000 -10.00% Price Down
3/1/2024$250,000 Listed Price

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114 E Washington Street, Monroe, IA, 50170 is a Commercial Property for sale at $225,000 with 2,124 sqft and a lot size of 0.0551. 114 E Washington Street is a studio with 0.0 baths and was built in 1951. The property's zip code is 50170 which is in Monroe, IA

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