Home for Sale at 309 S Monroe, Monroe, MI 48161

309 S Monroe
Monroe, MI 48161

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Property Details

List Price:	$249,900
Beds:	--
Baths:	--
Status:	Active
SqFt:	3576
Agency:	Coldwell Banker Haynes Real Estate, Inc.

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Description/Comments

Lot Size:	--
Property Type:	Commercial
Year Built:	1930
Notes:	Take advantage of the opportunity to own a well-known, 4.8 star restaurant in the heart of Monroe. Erie Bread Company is beautifully designed and has been a favorite grab & go restaurant by locals and travelers alike for many years. Their breads and pastry are created using age old techniques of simple baking tradition without the use of modern commercial ingredients to speed or simplify the processes of making their products. They keep to methods like using their own sourdough starter, unbleached flours, whole flours, whole grains, good salt, pure ingredients and traditional technique. The space is well-lit and features a fully equipped kitchen with top-of-the-line appliances and equipment, allowing you to provide your customers with the best possible dining experience. Situated within walking distance of the Downtown Business District, with a 8.5/10 walkability score and nearly 21,000 vehicles driving by each day. This is a rare opportunity to acquire a well-established restaurant with a loyal customer base and a strong reputation in the community. Whether you're an experienced restaurateur or looking to enter the industry for the first time, this turnkey operation is ready for you to take the reins and make it your own. Don't miss out on this chance to own one of Monroe's most beloved dining destinations! The owners are ready to enjoy the fruits of their labor and retire. This sale includes the business, goodwill and equipment. The 3576 SF unit is leased, real estate is not included in this transaction.
MlsNumber:	50106312

Listing Provided By:	Coldwell Banker Haynes Real Estate, Inc., original listing
Name:	Coldwell Banker Haynes Real Estate, Inc.
Phone:	(734) 242-8484
Office Name:	Coldwell Banker Haynes R.E. - Monroe
Office Phone:	(734) 242-8484
Agent Name:	Cole McNew
Disclaimer:	Copyright Â© 2024 Monroe County Association of Realtors Â®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

USHUD.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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