$807,000
$930,000
13.2%For more information regarding the value of a property, please contact us for a free consultation.
17,975 SqFt
SOLD DATE : 09/30/2020
Key Details
Sold Price $807,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 17,975 sqft
Price per Sqft $44
MLS Listing ID 78001327235
Sold Date 09/30/20
Originating Board Aspire North REALTORS®
Year Built 1991
Lot Size 1.440 Acres
Acres 1.44
Lot Dimensions Irregular
Property Description
Investment opportunity on busy M-66 in Charlevoix. This 17,975 SF retail building has great visibility and signage and is on a main retail thoroughfare. 3 Unit building fully leased to Fastenal, Bergmann Center Resale, and Wild Wild West Tobacco. 2 rear truck wells with overhead doors. There is easy egress & ingress from M-66 and it is only 1.5 miles to downtown Charlevoix. Current income is 10% Cap rate and at $52/SF this building is a great value. Priced below assessed value and room for future rent growth.
Location
State MI
County Charlevoix
Area Charlevoix Twp
Zoning Commercial,Office
Interior
Heating Forced Air, Central Air
Heat Source Natural Gas
Exterior
Pool No
Waterfront no
Roof Type Metal
Accessibility Disabled Access
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Frame,Steel,Vinyl
Schools
School District Charlevoix
Others
Tax ID 1500403501050
Ownership Private Owned
Acceptable Financing Cash, Other, Trade/Exchange
Listing Terms Cash, Other, Trade/Exchange
Financing Cash,Other,Trade/Exchange
Special Listing Condition Unknown/Data Share Listings
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