Commercial Office / Retail / Apartments / Storage Building
Location Michigan,United States
Asking Price Range < $250K
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1980
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training None necessary.
Reason for Sale Owner died-inheritor desires to sell.
Description 6,400 sq ft of rental space to lease out. Main building has 4,400 sq ft of office, retail and living quarters. Two pole barns that are 30' X 40' for warehouse storage or buyer use. Buildings sit on a 34,500 sq ft lot on a major highway with excellent exposure. New floor coverings in the main building. Asphalt driveway and parking lot.
Ready to lease or occupy and has the ability to generate a very good cap rate and return on your investment. The replacement cost would be much higher than the asking price.
Huge price reduction on 3/15/10. Originally priced at $285,000 and the new price is only $198,500. Onwner financing available at 10.0% down and 7.0% interest with terms to be negotiated.
Email or call us at 231-839-6500
Click Here To Contact Seller
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