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$ 739,900
Est. payment | /mo
8,446 SqFt
$ 739,900
Est. payment | /mo
8,446 SqFt
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 8,446 sqft
Price per Sqft $87
Subdivision Mi
MLS Listing ID 70436806
Year Built 1940
Annual Tax Amount $9,638
Tax Year 2023
Lot Size 1.000 Acres
Acres 1.0
Lot Dimensions 166x44x125x196x155
Property Sub-Type Commercial/Industrial
Property Description
This commercial property offers a strong investment opportunity with five units. Two are currently rented: a flower shop ($1,200/month) and a commercial kitchen ($1,350/month). There's an additional unoccupied kitchen, and two office spaces, with a total potential rental income of $9,150/month. The building features newer 3-phase power, a dual 23' hood system, two walk-in coolers, and an 8x6 freezer. Both office spaces have been updated. Other amenities include a commercial water heater, dishwashing system, updated plumbing, gutters, and a 2,000 sq. ft. storage area with bay doors. Fully up to code and ready for more tenants. A separate business is also available with a land contract option.
Location
State MI
County Kent
Area Walker (41040)
Interior
Heating Forced Air
Exterior
Roof Type Composite,Other-See Remarks,Rubber
Building
Structure Type Block,Brick,Frame,Stone,Vinyl Siding,Wood
Others
Ownership LLC
Energy Description Natural Gas
Financing Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/wmlar/24054359
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Five Star Real Estate-W Norton