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316 N Mission

Mt Pleasant, MI 48858
  • $450,000
  • STATUS: Active
  • ON SITE: 30 Days
  • MLS #: 1894746
$450,000
  • 0
    BEDS
  • 0.6
    ACRES
  • 11
    BATHS
  • 0
    1/2 BATHS
  • 16,904
    SQFT
  • $27
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1945
County:
Area:

School Ratings & Info

Description

Large multi use commercial building on high traffic Mission Corridor. 12 units total, plus stand alone rental house. All fully licensed with the city and with great rental history. Annual rents on signed leases for 2021/22 exceeds $100k. The 16,000 sqft building consists of 8 commercial units, and 3 apartments, as well as stand alone house, no ongoing maintenance issues.MANY updates to HVAC, interior renovations, roof awnings, etc in recent years. Large upside potential for the right investor, there is roughly 1500 square foot of space on the second floor that could potentially be used for more commercial tenants or possibly additional apartments (potential buyers would want to check with the city to determine what would be required to do so). Sellers are licensed real estate brokers in State of Michigan.

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2021 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2021-12-04T23:51:51.517.
www.brickcorbett.com/homes/123023459
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316 N Mission Mt Pleasant, MI 48858

  • Price: $450,000
  • Status: Active
  • On Site: 30 Days
  • MLS #: 1894746
0
Beds
11
Baths
0
½ Baths
0.6
Acres
16,904
SQFT
$27
$/SQFT
1945
Built
Neighborhood:
M. Brown Add
County:
Isabella
Area:
Isabella
Property Description
Large multi use commercial building on high traffic Mission Corridor. 12 units total, plus stand alone rental house. All fully licensed with the city and with great rental history. Annual rents on signed leases for 2021/22 exceeds $100k. The 16,000 sqft building consists of 8 commercial units, and 3 apartments, as well as stand alone house, no ongoing maintenance issues.MANY updates to HVAC, interior renovations, roof awnings, etc in recent years. Large upside potential for the right investor, there is roughly 1500 square foot of space on the second floor that could potentially be used for more commercial tenants or possibly additional apartments (potential buyers would want to check with the city to determine what would be required to do so). Sellers are licensed real estate brokers in State of Michigan.
Exterior Features

Construction Block Exterior Features Block Foundation Slab Lot Dimensions 90X290 Parking Parking Lot Parking Spaces 46 Road Public Maintained Roof Membrane

Interior Features

Heating Cooling Type Forced AirWall

Property Features

Business Incl No Business Name None Deeded Waterfront No Documents On File FinancialLeasesLegal Description Eco Features No Electric Expannual 3064 Extras None Heat Expannual 3375 Heating Cooling Source Natural Gas Included In Lease SewerWater Inventory Incl No Licenses Other Listing Agreement Type Exclusive Right To Sell Location Corner Lot Percent Of Remodel 75 Possession Subject To Tenants Rights Present Use Office BuildingRetail Store Real Estate Incl Yes Rental Incomeannual 101100 Sale Or Lease For Sale Sale Rent For Sale Section Number 4 Sewer Municipal Summer Taxes 10055 Taxable Value 203134 Terms CashCommercial LoanSale/Leaseback Total Taxes 12900 Township City Of Mt. Pleasant Type Mixed Use Type Of Ownership Private Owner Univs Design Barrier Free None Vacant Land No Water Municipal Water Winter Taxes 2844 Year Remodeled 2020 Zoning Commercial

Listing information © 2021 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Douglas Day Property Group: 989-495-2556.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2021 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2021-12-04T23:51:51.517.
 
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