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Commercial Office / Retail / Apartments / Storage Building
Location: United States -> Michigan -> Lake City
Industry: Real Estate > Other Real Estate




Business Summary

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


Financials

Asking Price Range:  < $250K
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  1980
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  None necessary.
Reason For Selling:  Owner died-inheritor desires to sell.

Photos

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Commercial Office / Retail / Apartments / Storage Building Photo 1 Commercial Office / Retail / Apartments / Storage Building Photo 2 Commercial Office / Retail / Apartments / Storage Building Photo 3




Print Listing Id: 700123876
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Related Searches: Commercial and Residential Real Estate Brokers  >  Mortgage Brokers  >  Title and Escrow  >  Other Real Estate  > 

Also See: Franchise Opportunities > Franchise Resales > Michigan Businesses For Sale > Michigan Franchises For Sale > Michigan Business Brokers



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