Property Facts
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.
Misc. Overview
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Blt./Standing
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Monroe Inn / Ace's Place
Property Features
Hotel/Motel Features
Other Features
Parking
Property Size
Schools
Designated Schools
Nearby Schools
| GreatSchools Rating | School Name | Grades | Distance |
|---|---|---|---|
| South Sevier Middle School Public Middle School |
6-8 | 0.54 mi | |
| Monroe School Public Elementary |
K-5 | 0.37 mi | |
| South Sevier High School Public High School |
9-12 | 0.73 mi | |
| Field Stone Academy Private Middle School, High School |
6-12 | 6.82 mi | |
| Red Hills Middle School Public Middle School |
6-8 | 8.74 mi | |
| Richfield High School Public High School |
9-12 | 9.12 mi | |
| Cedar Ridge High School Public Middle School, High School |
6-12 | 9.19 mi | |
| Sevier Career And Technical Education Center Public High School |
9-12 | 9.19 mi | |
| Ashman School Public Elementary |
K-2 | 9.26 mi | |
| Pahvant School Public Elementary |
3-5 | 9.68 mi | |
| Sevier Connection Online Public Elementary, Middle School, High School |
K-12 | 9.74 mi | |
| Sevier District Preschool, Elementary, Middle School, High School |
9.81 mi | ||
| Oscarson School Public Elementary |
K-6 | 14.23 mi | |
| High Top Ranch School Private Elementary, Middle School |
3-9 | 15.67 mi | |
| Koosharem School Public Elementary |
K-6 | 15.72 mi |
School data provided by GreatSchools.
For information about radon testing for homes in the state of Utah click here.
Listing Broker
20 E 1000 S
Richfield, UT 84701
435-275-2793