Carleton, MI 48117
MLS# 20261069261
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.
Listed by Greg Kime · Kime Realty
Estimate only — principal & interest, no taxes or insurance. Rates change daily; confirm with your lender.
$1,289/mo
$51,000 down · $204,000 financed
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