Crystal Lake Twp, MI 49635,515-517 Main Street Lot: 11,12

$432,450

$439,950

1.7%
Est.Price: ?

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Est. payment /mo

7,000 SqFt


SOLD DATE : 04/30/2021

Key Details

Sold Price $432,450

Property Type Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 7,000 sqft

Price per Sqft $61

MLS Listing ID 78001328488

Sold Date 04/30/21

Originating Board Aspire North REALTORS®

Year Built 1960

Lot Size 0.350 Acres

Acres 0.35

Lot Dimensions 102 x 150

Property Description

Excellent Main Street commercial investment opportunity in a high traffic area of Frankfort with a beautiful view of Betsie Bay and significant development potential. This 7,000 square foot building is currently dividend into two rental spaces with month-to-month tenants of Bayside Printing (2,600 sq. ft.) and the Frankfort-Elberta Chamber of Commerce (1971 sq. ft.) plus there is 2,422 sq. ft. of unfinished space in the back of the building for multiple rental spaces. Paved parking lot on the west and north sides of the building provides about 20 off-street parking spaces, which is a rare find in downtown Frankfort. The property is located across the street from the City Marina, Mineral Springs Park and just 5 blocks from Lake Michigan beaches. It is in the 'Main Street West' Zoning District which provides flexibility for mixed-use developments, including office, retail, restaurant, lodging, live-work units as well as expansion of the building to add a second and third level...see zoni

Location

State MI

County Benzie

Area Crystal Lake Twp

Zoning Commercial,Multi-Family,Office,Other

Interior

Heating Forced Air, Central Air

Heat Source Natural Gas

Exterior

Accessibility Disabled Access

Building

Foundation Slab

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Block/Concrete/Masonry

Others

Tax ID 5101019000

Ownership Private Owned

Acceptable Financing Cash, Other, Owner May Carry(Purchase Money Mortgage)

Listing Terms Cash, Other, Owner May Carry(Purchase Money Mortgage)

Financing Cash,Other,Owner May Carry(Purchase Money Mortgage)

Special Listing Condition Unknown/Data Share Listings

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Realcomp MLS
Listed by Kari King of Century 21 Northland-Frankfort
Bought with REMAX Bayshore - Frankfort
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