Skip To Content
    Return to Previous Page

    108 E Center Street

    Ithaca, MI 48847
    • $300,000
    • STATUS: Active
    • ON SITE: 338 days
    • MLS #: 1868814
    UPDATED: 44 min ago
    $300,000
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 17,895
      SQFT
    • $17
      $/SQFT
    Neighborhood:
    N/A
    Type:
    Commercial
    Built:
    1987
    County:
    Area:

    School Ratings & Info

    Description

    Commercial multi-tenant building located in downtown Ithaca. This building is a main hub of commercial activity in Ithaca. Listed at a 9.25%+ Cap Rate based on previous 3 years financials. New tenant added in November 2019 that pushes the Cap Rate over 10%. Great well maintained building with long history of positive cash flow.

    Monthly Payment Calculator



    The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2020 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2020-09-25T14:52:12.367.
    www.brickcorbett.com/homes/100187466
    Print Image

    108 E Center Street Ithaca, MI 48847

    • Price: $300,000
    • Status: Active
    • Updated: 44 min ago
    • MLS #: 1868814
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    17,895
    SQFT
    $17
    $/SQFT
    1987
    Built
    Neighborhood:
    N/A
    County:
    Gratiot
    Area:
    Gratiot
    Property Description
    Commercial multi-tenant building located in downtown Ithaca. This building is a main hub of commercial activity in Ithaca. Listed at a 9.25%+ Cap Rate based on previous 3 years financials. New tenant added in November 2019 that pushes the Cap Rate over 10%. Great well maintained building with long history of positive cash flow.
    Exterior Features

    Construction Frame Exterior Features Brick Foundation Full Finished Lot Dimensions 100 X 165 Parking Parking LotShopping CenterStreet Parking Road BlacktopPublic Maintained Roof Membrane

    Interior Features

    Heating Cooling Type Forced Air

    Property Features

    Business Incl No Business Name Village Sjoppes Deeded Waterfront No Documents On File FinancialLeasesLegal DescriptionEnvironmental ReportTax Returns Eco Features No Extras ElevatorEnvironmental Rpt On FileLoading Dock(S)Mezzanine Heating Cooling Source Natural Gas Included In Lease None Inventory Incl No Licenses None Listing Agreement Type Exclusive Right To Sell Location Inside LotShopping Center Possession At Closing Present Use Retail Store Sale Or Lease For Sale Sale Rent For Sale Section Number 31 Sewer Municipal Terms CashCommercial Loan Total Taxes 7772 Township City Of Ithaca Type Shopping Center Type Of Ownership Corporate Owned Univs Design Barrier Free ElevatorExtra Wide HallwaysMain Floor AccessRamped Entrance Vacant Land No Water Municipal Water Zoning Commercial



    The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2020 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2020-09-25T14:52:12.367.
     
    https://bt-photos.global.ssl.fastly.net/nglrmls/orig_boomver_1_1868814-2.jpg https://bt-photos.global.ssl.fastly.net/nglrmls/orig_boomver_1_1868814-2.jpg https://bt-photos.global.ssl.fastly.net/nglrmls/orig_boomver_1_1868814-2.jpg
    Logo
    Brick & Corbett
    500 S Union Street
    Traverse City MI, 49686