316 N Mission 808 E LINCOLN
Mt. Pleasant, MI 48858
$450,000
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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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Property Details
Status: Active
Listing Date 11/04/2021
County: Isabella
Taxes: $12,900
Acreage: 0.6
Lot Dimensions: 90x290
Price/SqFt: $27
Zoning: Commercial
Current Use: Office Building,Retail Store
Water: Municipal Water
Features: None
Sub Property Type: Mixed Use
Possession: Subject to Tena
Total Finished SqFt: 16,904
Year Built: 1945
Parking: Parking Lot
Exterior Features: Block
Cooling: Forced Air, Natural Gas, Wall
Heating: Forced Air, Natural Gas, Wall
 
Listing Office: Douglas Day Property Group
Office Address: 120 S UNIVERSITY
Listing Number: 1894746
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