$322,000
$350,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
5,120 SqFt
SOLD DATE : 03/15/2024
Key Details
Sold Price $322,000
Property Type Commercial
Sub Type Business And Real Estate
Listing Status Sold
Purchase Type For Sale
Square Footage 5,120 sqft
Price per Sqft $62
MLS Listing ID 71024004199
Sold Date 03/15/24
Originating Board West Michigan Lakeshore Association of REALTORS®
Year Built 1995
Annual Tax Amount $7,749
Lot Size 1.070 Acres
Acres 1.07
Lot Dimensions TBD
Property Description
Investment opportunity in downtown Ravenna. Property is comprised of over 1-acre of land developed with a two-story (main level and lower walk-out level) building and associated parking and landscaped areas. The main level is 100% occupied by an insurance agency, while the lower level represents upside potential for an investor. Over 3 years remain in the current lease term. The majority of the lower level is finished and could accommodate 3 additional tenants. Former tenancy included a salon and related infrastructure (water supply, etc.) remains in the space. The lower level units are currently vacant or used for general storage. Ample parking is available for the street-level as well as the walk-out level. Please do not approach tenant. Building tours to be held after normal businesshours. Lease details provided with executed Confidentiality Agreement.
Location
State MI
County Muskegon
Area Ravenna Vlg
Zoning Other
Direction Downtown Ravenna (Main Street) to Stafford Street, West to property.
Interior
Heating Forced Air, Central Air
Heat Source Natural Gas
Exterior
Pool No
Waterfront no
Roof Type Composition
Road Frontage Paved
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Frame,Vinyl,Wood
Schools
School District Ravenna
Others
Tax ID 43725011000400
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Unknown/Data Share Listings
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