Great investment property. This property is the old Farmers and Merchants bank building built in 1917. The property is a centerpiece of town and is on the National Register of Historic Places. The two-story structure is two stories consisting of 7 residential rental and potentially 3 commercial sites. The wedge-shaped, flatiron building has an impressive main entrance covered in glazed terracotta tile with a granite base. The building a two-part commercial clad in tapestry brick. Opportunities abound for income production for the 7 rental units, served by a common laundry, and the 3 commercial possibilities. There are 5 one-bedroom unit, and 2 two-bedroom units, all but one are rented. South end of main level is rented to a business. Increased Mark Twin Lake traffic only adds to the appeal of this property. One of the previous occupants used this as a saloon, and the end unit would be perfect for a restaurant and an unfinished area that could serve as the kitchen area.
The median home value in Monroe City, MO is $155,900. This is higher than the county median home value of $152,600. The national median home value is $338,100. The average price of homes sold in Monroe City, MO is $155,900. Approximately 43.23% of Monroe City homes are owned, compared to 39.89% rented, while 16.88% are vacant. Monroe City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Monroe City real estate agent to arrange a tour today!
Monroe City, Missouri has a population of 2,995. Monroe City is more family-centric than the surrounding county with 31.93% of the households containing married families with children. The county average for households married with children is 23.01%.
The median household income in Monroe City, Missouri is $47,033. The median household income for the surrounding county is $46,441 compared to the national median of $69,021. The median age of people living in Monroe City is 40.1 years.
The average high temperature in July is 87.6 degrees, with an average low temperature in January of 17.7 degrees. The average rainfall is approximately 41.4 inches per year, with 14.8 inches of snow per year.