$845,000
$945,000
10.6%For more information regarding the value of a property, please contact us for a free consultation.
14,400 SqFt
SOLD DATE : 09/27/2023
Key Details
Sold Price $845,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 14,400 sqft
Price per Sqft $58
Subdivision South Street Center
MLS Listing ID 78080008024
Sold Date 09/27/23
Originating Board Aspire North REALTORS®
Year Built 2004
Lot Size 2.420 Acres
Acres 2.42
Lot Dimensions 207x509
Property Description
Fully leased South Street Center retail investment property built in 2004. Long-term lease with Family Dollar anchor expires 12/31/28. Four tenants also include a Verizon store and Edward Jones. Great visibility/signage with frontage on high-traffic US31. A Save A Lot grocery store and the Crystal Plaza retail center anchored by Family Fare are located to the south. One tenant occupies three adjacent units (each with restroom access) that could be leased separately. The center services a large geographic trade area and is located 1.5 miles from the Crystal Lake resort area and 10 miles from Crystal Mountain ski and golf resort. Available at a 7.6% cap rate.
Location
State MI
County Benzie
Area Benzonia Twp
Zoning Commercial
Interior
Heating Forced Air, Central Air
Heat Source Natural Gas
Exterior
Pool No
Waterfront no
Accessibility Disabled Access
Building
Foundation Slab
Sewer Septic Tank (Existing)
Water Public (Municipal)
Structure Type Block/Concrete/Masonry,Steel
Schools
School District Benzie County Central
Others
Tax ID 0250501120
Ownership Private Owned
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
Special Listing Condition Unknown/Data Share Listings
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