REQUEST A TOUR
$ 150,000
Est. payment | /mo
15,116 SqFt
$ 150,000
Est. payment | /mo
15,116 SqFt
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 15,116 sqft
Price per Sqft $9
Subdivision Mi
MLS Listing ID 50207281
Year Built 1900
Annual Tax Amount $2,786
Tax Year 2024
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 75X140
Property Sub-Type Commercial/Industrial
Property Description
Prime commercial opportunity in the heart of downtown Escanaba! Located right on the main street of downtown Escanaba, the true heartbeat of the community, this incredible commercial offering presents endless potential at an unbeatable price. This property consists of three buildings (two combined) offering well over 8,000 square feet of main-level commercial space. The visibility, foot traffic, and central location make this a rare investment opportunity in a thriving downtown district. Upstairs, you'll find over 6,000 square feet ready for your vision to come to life. Much of the heavy lifting has already been done (demo work is complete in many areas) leaving a mostly blank canvas for redevelopment, additional residential units, office suites, or creative space. Above 1107, there is an existing two-bedroom residential apartment currently generating strong rental income of $985 a month. This is a perfect opportunity to have immediate cash flow while you bring your larger plans to fruition. Please note: The unfinished portions of the second floor are currently in a demoed state and are considered hazardous. For your safety, do not cross the yellow caution tape during showings. Opportunities like this with size, location, income potential, and price do not come along often!!! Whether you're an investor, developer, or entrepreneur looking to make a mark in downtown Escanaba, this property is ready for its next chapter.
Location
State MI
County Delta
Area Escanaba (21010)
Zoning Commercial
Interior
Heating Boiler
Cooling None
Exterior
Parking Features Municipal
Roof Type Rubber
Building
Foundation Basement
Water Public Water
Structure Type Brick
Others
Ownership LLC
SqFt Source Public Records
Energy Description Natural Gas
Financing Cash,Commercial Loan
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by UPWARDS REAL ESTATE