Property Listing No Longer Available for Sale

110 N Lake Street, Leland, MI

Retail for Sale - $749,000 - 4,752 Sq. Ft.


Property Info

CIMLS#1042766
Location
  110 N Lake Street
  Leland MI 49654
UpdatedDecember 17th, 2019
TypeRetail
Price$749,000
Building4,752 Sq. Ft.

Property Description

Harbor Square retail shops are situated in a superior Leland location opposite the harbor, Lake Michigan and historic Fishtown. Consisting of two identical buildings with an aggregate walkway between them, there are a total of 5 retails shops all of which are rented to tenants. Each retailer has lockable dry basement storage of equal size to their retail area. Each building has a central hallway with a bathroom that provides each retailer access to their shop from the back of the building and to the basement stairway. Interior walls and electric were designed to allow for expansion or contraction. The original blueprints show 8 spaces, 4 in each building. A private well serves the property and the buildings are connected to the municipal sewer. Tenant pays for water, sewer, gas electric, heating, A/C, janitorial, trash, yard maintenance, landscaping, flowers, exterior lighting, snow removal. The landlord/owner maintains common areas outside the building such a walkways and yard. A property management fee is paid to Schmidt-Rogers. Property taxes are paid by the landlord/owner. The landscape walkway between the buildings leads from Main St (next to the bookstore) through to the Harbor Square shops to the marina beyond. This pedestrian friendly retail plaza has been under one ownership since it was constructed. It is zoned C-1 Village Commercial. Total square footage is approximate, see blueprints.


Financials


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