Mid-Mitten Realty
318 Main Street Active Save Request In-Person Tour Request Virtual Tour
Morrice,MI 48857
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 3,745 sqft
Price per Sqft $40
Subdivision Mi
MLS Listing ID 60346954
Annual Tax Amount $9,573
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 69x125
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.
Location
State MI
County Shiawassee
Area Morrice (78025)
Zoning Commercial
Interior
Heating Baseboard,Forced Air
Exterior
Waterfront No
Roof Type Rubber
Building
Foundation Crawl,Slab
Water Private Well
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional