10300, Howard City-Edmore, Lakeview, MI, 48850
Basics
- Date added: Added 11 hours ago
- Category: Commercial Sale
- Type: Office
- Status: Active
- Bathrooms: 3
- Lot size: 2.56 sq ft
- Year built: 1975
- Bathrooms Full: 3
- Lot Size Acres: 2.56 acres
- Business Type: Other, Professional/Office, Professional Service, Distribution, Storage, Retail, Recreation, Manufacturing
- County: Montcalm
- MLS ID: 26037049
Description
-
Description:
In today's economy choose the wise investment of land - supply and demand and it is the one thing no one can make more of! With an annual Net operating income of nearly $30k and a guaranteed ROI over 6% for the next 5 years this property leased until 12/31/31 by the State of Michigan with expanding opportunities as urban sprawl continues and the village of Lakeview (less than 2 miles away) begins to outgrow its borders. Zoned R-R with commercial approval who is to say how high the generated income on this property could go? Take consideration and do not let these dollars pass you by. Square Footage: 6,068 sq ft Valuation calculated by historical purchase price x inflation and investment alongside the current SEV and current lease rents totaling $203,884.80 All information believed to be accurate however, not guaranteed. Buyer and Buyer's agent responsible to verify.
Show all description
Location
- Directions: M-46 between Saterlee And Youngman
Building Details
- Building Area Total: 6068 sq ft
- Number Of Units Total: 1
- Construction Materials: Block, Concrete, Brick, Metal Siding
- Sewer: Septic Tank
- Heating: Forced Air
- Building Features: Barrier Free, Bath Common Area, Expandable, Multi User Facility, Outdoor Storage
- Roof: Metal
- Foundation Details: Permanent, Concrete Perimeter, Block
- Number Of Buildings: 2
Amenities & Features
- Parking Total: 34
- Inclusions: Other, Real Estate
- Utilities: Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
- WaterSource: Well
- Interior Features: Broadband
- Cooling: Central Air
Fees & Taxes
- Tax Assessed Value: $395,000
- Tax Year: 2021
- Tax Annual Amount: $63,502
- Gross Income: $40,777
- Maintenance Expense: $3,000
- Insurance Expense: $10,008,235
- Manager Expense: $1
School Information
- High School District: Lakeview
Miscellaneous
- Road Surface Type: Paved
- CrossStreet: Satterlee/Youngman and M-46
- Listing Terms: Conventional, Other, Cash