22 Monroe Street, Ellicottville

Description

Also listed for lease: B1620992. Rare mixed use opportunity in the heart of the Village of Ellicottville. 22 Monroe Street offers the ideal combination of owner occupant potential and investment upside in one of Western New York’s most sought after year round resort communities. The upstairs rental apartment is currently leased through October 2026 at $1500 per month, providing immediate and stable income from day one. The street level commercial space has a long history of successful businesses and offers excellent visibility, strong foot traffic, and flexible layout for a wide range of uses including retail, professional office, boutique, studio, or service based business. This property allows a buyer to operate their own business while offsetting ownership costs with existing residential income, or to hold as a true income producing mixed use leasing the storefront as an investment in a proven downtown location. Situated within the Village center and historic district, this property benefits from constant exposure to visitors and locals alike with strong demand driven by year round tourism, ski season, festivals, dining, and shopping. Properties offering both residential cash flow and commercial potential in this core location are exceptionally rare. Ideal for investors seeking immediate income with future upside or entrepreneurs looking to own their building in a premier destination market.