REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,199,000
Est. payment | /mo
6,032 SqFt
$ 1,199,000
Est. payment | /mo
6,032 SqFt
Key Details
Property Type Commercial
Sub Type Business + Real Estate
Listing Status Active
Purchase Type For Sale
Square Footage 6,032 sqft
Price per Sqft $198
MLS Listing ID 25-262324
Year Built 1903
Annual Tax Amount $5,727
Lot Size 0.800 Acres
Acres 0.8
Property Sub-Type Business + Real Estate
Source Washington County Board of REALTORS®
Property Description
Includes Adjacent Parcel: 340 N Main Street - Parcel #1-M23-44 The Historic Monroe Inn - Turnkey Business & Investment Property Monroe, Utah | Steps from Monroe Hot Springs | .80 Acre A rare opportunity to own one of Monroe's most iconic properties-perfectly blending history, hospitality, and income-producing potential-all just minutes from the healing waters of Monroe Hot Springs. Positioned on a beautifully manicured .80-acre lot, this unique offering includes two fully renovated residences and a fully restored restaurant, creating a seamless turnkey business ready for immediate operation. The Historic Monroe Inn has been tastefully modernized while preserving its vintage character. With four inviting guest rooms, the Inn operates as a popular nightly rental destination for travelers exploring central Utah's outdoor beauty or visiting nearby Hot Springs. A second remodeled home provides flexibility for owner occupancy, long-term rental income, or staff housing, complete with three spacious bedrooms and modern updates throughout. The fully renovated restaurant space offers an inviting atmosphere with upgraded finishes, open dining areas, and a beautifully landscaped patio complete with a fire pit-perfect for alfresco dining, events, or evening gatherings under the stars. Prominently located on Monroe's Main Street with exceptional visibility, on-site parking, and year-round traffic, this property sits at the gateway to some of Utah's most breathtaking recreation-including ATV trails, hiking, biking, and mountain views in every direction. Whether you're seeking an exceptional live-work lifestyle, a hospitality venture, or a diversified real estate investment with multiple income streams, this property delivers endless potential. Seize the opportunity to own a piece of Monroe's rich history-fully restored, income-generating, and ready to welcome guests, locals, and visitors alike.
Location
State UT
County Other
Area Outside Area
Zoning Residential, Commercial
Direction Driving North on Monroe Main Street Monroe Inn is located on the right corner.
Exterior
View Y/N No
Building
Story 2
New Construction No
Others
Senior Community No
Acceptable Financing Submit
Listing Terms Submit
Listed by RED ROCK REAL ESTATE CENTRAL