The 25,673-square-foot retail building located at 975 S. Monroe St
. Monroe, MI, was sold to a member of CHS
for $1.22 million, or about $47 per square foot. CHS Group, LLC
is a support company for those suffering from development disabilities, traumatic head injury, mental illness, mobility issues or problems associated with aging.The building is divided into five separate business spaces. Powerhouse Gym
occupies the largest amount of square-footage in the building and was included in the sale
as business value. Powerhouse Gym is a chain of worldwide fitness centers that has been around for more than 35 years and has over 1.5 million members.
The retail building was purchased as an investment, with one business partner owning the building and the other running the gym.
The building and gym were previously owned by Monroe Diversified Properties, LLC.
Please see CoStar COMPS #2762116 for more information.