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$950,000
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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. Property can be sold separately or together. Please call agent for more details.
Full Property Details
Full Property Details for 310 N Main St
General
- Price: $950,000
- Taxes: $5,727
- Status: Active
- Type: Commercial Residential Facility
- Source: WFR
- MLS ID: 2092661
- Updated: 6/27/2025
- Added to Site: 21 day(s) ago
Location
- Area: South Sevier
- County: Sevier
- Direction Faces: West
Structural Information
- Current Bldg. Use: Commercial
- Year Built: 1903
- Property Condition: Blt./Standing
Lot Features
- Lot Size (Acres): 0.8
- Lot Size (Sq. Ft.): 34,848
- Lot Size: .8
- Zoning: COMM
Financial Considerations
- Tax Amount: $5,727
Disclosures and Reports
- Property ID: 1-M23-43
Listed by Red Rock Real Estate LLC (Central)
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Schools
Schools serving 310 N Main St
School District:Sevier District
Rating | Name | Grades | Distance |
---|---|---|---|
40 W Center St, Monroe, UT 84754 | K-5 | 0.4 mi | |
300 E Center St, Monroe, UT 84754 | 6-8 | 0.5 mi | |
430 W 100 S, Monroe, UT 84754 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 310 N Main St
Date
Details
Price
Change
Source
6/26/2025
Price Reduced
$950,000
-20.77%
MLS
6/16/2025
Listed
$1,199,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 310 N Main St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,158
-23%
$454,031
-21%
2023
$5,374
30%
$575,145
47%
2022
$4,140
-13%
$392,356
6%
2021
$4,750
—
$369,643
46%
2021
$4,750
37%
$253,060
—
2020
$3,479
-7%
$253,060
—
2018
$3,721
—
$253,060
15%
2018
$3,721
19%
$219,530
—
2017
$3,115
—
$219,530
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 310 N Main St
310 N Main St, Monroe, UT 84754 (MLS# 2092661) is a Commercial Residential Facility property. 310 N Main St is currently listed for $950,000 and was received on June 16, 2025. Want to learn more about 310 N Main St? Do you have questions about finding other Commercial Residential Facility real estate for sale in Monroe? You can browse all Monroe real estate or contact a Coldwell Banker agent to request more information.