MI > Gratiot > Ithaca > 142 E Center Street

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142 E Center Street Map / directions

Ithaca, MI

48847 Market info

  • MLS# 20230091260
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142 E Center in Ithaca presents a unique investment opportunity for those seeking versatility and potential in a bustling location where approximately 7,000 cars drive by daily. This three-story building currently has 3 tenants for a combined monthly rental income of 1,350 with the potential for 2 additional tenants. The ground floor was previously used as a restaurant, boasting a seating capacity of 118, 2 bathrooms, and all equipment included for immediate operation. The restaurant was paying approximately 400/month in rent and the tenant paid all utilities on their own (water, gas, electric). The other half of the ground floor features a 2 room office with 1 bathroom at approximately 325/month. For this unit, the owner paid the utilities and the tenant reimbursed. On one half of the 2nd level there is a 1 bed, 1 bath residential unit at approximately 625/month and the owner pays the utilities and the tenant reimburses. The furnace in this unit was recently rebuilt. The other half of the 2nd floor features a tie-dye studio with 1 bath room at 400/month and the tenant pays all utilities on their own. The third and final floor was used as a photo studio at 200/month. All tenants are on month-to-month leases, allowing for adaptability and increased income potential. There is a new AC upstairs as of 2024 and a new furnace downstairs as of 2024. Taxes are estimated to be 3,500/year. Whether you're an investor or an entrepreneur, 142 E Center stands as an exciting opportunity in a prime Ithaca location! BTVAI

Property Information

Status
Active 
Address
142 E Center Street 
City
Ithaca 
Zip
48847 
Year Built
1900 
Listing Date
10/27/2023 
List Price
$214,900
Architecture
3 Story 
County
Gratiot 
Above Grade SqFt
5,198 
Possession
Negotiable 
Price/SqFt
41.34 

School Information

School District
Ithaca 

Features

Zoning
Commercial 
Water
Public (Municipal) 
Sub Property Type
Commercial 
Heating
Forced Air, Natural Gas 

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Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
20230091260 Jan 6 2025 1:40PM $214,900 $224,900 540
20230091260 Oct 21 2024 12:05PM $224,900 $249,900 540
20230091260 Active Oct 27 2023 10:05AM $249,900 540
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls, emails, and texts from Real Estate One and others about your inquiry and other home-related matters, but not as a condition of any purchase. To opt-out, you can reply 'stop' to texts or click the unsubscribe link in the emails. Msg/data rates may apply. View Privacy Policy.

Listing Broker

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Listing Courtesy of Kw Professionals
(734) 459-4700
Office Address 789 W Ann Arbor Trail

142 E Center Street Ithaca
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$214,900
For Sale • Acres: 0.13 • Zoning: Commercial