$165,000
$175,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
1,280 SqFt
SOLD DATE : 12/21/2022
Key Details
Sold Price $165,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 1,280 sqft
Price per Sqft $128
Subdivision City Of Alma
MLS Listing ID 79080001901
Sold Date 12/21/22
Originating Board Central Michigan Association of REALTORS®
Year Built 2007
Annual Tax Amount $2,163
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 80 x 122
Property Description
Investment opportunity awaits! Built in 2007, this investment property is almost new and has great curb appeal in downtown alma. Property has several onsite parking spaces in the wrap around parking lot on this corner lot. CURRENTLY LEASED OUT WITH AN ATTRACTIVE LEASE THROUGH MAY 31st 2024. Lease also has options to renew after that time. Cap rate is around 8%.
Location
State MI
County Gratiot
Area Alma
Zoning Commercial
Interior
Heating Forced Air, Central Air
Heat Source Natural Gas
Exterior
Pool No
Accessibility Disabled Access
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Block/Concrete/Masonry,Brick
Schools
School District Alma
Others
Tax ID 5103103500
Ownership Private Owned
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
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