318 N Main Street, MORRICE, MI

Others for Sale - $149,900 - 3,745 Sq. Ft.


Agent Info

Barbara Roll-Wyzga
Coldwell Banker Professionals

Property Info

CIMLS#1166954
Location
  318 N Main Street
  MORRICE MI 48857
UpdatedOctober 19th, 2024
TypeOthers
Price$149,900
Building3,745 Sq. Ft.

Property Description

2) Long term leases in place currently for ground level units with gross income of $ 21,600 per year and tenants pay utilities. Great potential with space for 2-3 apartments that could be established on the upper level for additional income, access is located off Main Street, between the 2 units. Property included 2 tax id’s. Call listing agent for showing instructions and restrictions. Unit 1 is a large commercial space with over 2000 square feet on the main level and approx. 900 square feet on the upper level. This unit has forced air heat and central air conditioning. Access to alley, kitchenette area and 2 half baths. Unit 2 is currently rented to the post office with a 15 year lease, has a half bath, hot water heat and a wall air conditioner unit. There is a portable dock at this unit that is owned by the tenants. ALL personal property on both units are owned by tenants. This sale is for the building/real estate only. There is city sewer and (1) private well that services both units currently. The well will need to be upgraded to service future units/apartments when added.


Financials



Similar Listings