$310,000
$395,000
21.5%For more information regarding the value of a property, please contact us for a free consultation.
4,600 SqFt
SOLD DATE : 01/04/2023
Key Details
Sold Price $310,000
Property Type Commercial
Sub Type Business And Real Estate
Listing Status Sold
Purchase Type For Sale
Square Footage 4,600 sqft
Price per Sqft $67
MLS Listing ID 69022038465
Sold Date 01/04/23
Originating Board Southwestern Michigan Association of REALTORS®
Year Built 1930
Annual Tax Amount $4,124
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 46x48
Property Description
At the main crossroads in downtown Scottville, and minutes from Ludington and Lake Michigan, awaits this exceptional income producing opportunity. Ideal for a business owner or professional. Daily traffic count is 10,000+. Once used as a bank, this historic building now houses 3 newly renovated apartments on the upper floor, and open commercial space in the main floor with multiple potential uses. Upstairs Studio, 2- & 3-Bed Apartments begin new leases in September of 2022 with a total income of $3600/month. Main Floor Commercial space features 1.5 baths, a Kitchenette, a Conference Room, multiple offices, and a main lobby area. Basement features abundant storage space. Most recently used as a business center for multiple tenants. Price is supported by apartment rental income alone.
Location
State MI
County Mason
Area Scottville
Zoning Other
Direction US-10 East to City Of Scottville. Property On Northwest Corner Of State St. & Main St.
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Pool No
Roof Type Other
Road Frontage Paved
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street
Water 3rd Party Unknown, Public (Municipal), Water at Street
Structure Type Brick,Frame,Stone,Wood
Schools
School District Mason County Central (Scott
Others
Tax ID 05212400700
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with Greenridge Realty S Rath
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