11522 Davis St - Office/Residential FOR SALE


Grand Blanc, MI 48439- Grand Blanc/Goodrich
$699,000 USD
810-577-8794
11522 Davis St, Grand Blanc, MI for Sale
$699,000 USD
Office/Residential - FOR SALE
1/43
null | Request Cap Rate

11522 Davis St
Grand Blanc, MI 48439
Grand Blanc/Goodrich


HIGHLIGHTS

  • Mixed use property with second floor residential, first floor office.
  • Great visibility, Located one block from E Grand Blanc Road.
  • Ample on-site parking.

OVERVIEW

Lots of opportunities with this location that has two parcels combined into one in the heart of downtown that is just one street off the main light in town and sits right on the corner of Davis and Grand Blanc Rd. What was an operational salon for decades and now is ready to become the newest best thing to Downtown Grand Blanc. Maybe a 4-6 multi-family apartment building? Incomes and rent posted are projected at 6 units at 1200-1500 a month. Just look at this Large open floor plan with different levels and tons of storage. Two middle walls in lower lever are non load bearing and can be removed. Additional bathrooms are plumed under the North East corner. Building has 2 newer furnaces, along with the upstairs apartment having a 2 yr old furnace and AC for its own use. It also has 2 AC units, 3 Hot water heaters and much more. Building has 2 separate basement's with one being partially finished. Both have new drain tiles and sump pumps reassuring a dry basement every spring. Large 2 bedroom apartment above the salon and has 1 full bath and private side entrances. Vaulted ceilings and balcony off both bedroom sliding doors. Currently leased with long time loyal lessee. Large parking lot that is in wonderful condition. Handicap ramp to front door. Nothing left to do other than set up shop or make it into your dream business you have always wanted to start, in the heart of Grand Blanc. 24 hour notice to show. Salon is closed Sunday and Mondays. Showings work best those days and anytime in the early morning or early evening after hours. Financials are based off of just the 2 bedroom apartment on the 2nd floor.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$241 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Your new business opportunity

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Restaurant, Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

B-1

APN/PARCEL ID

56-16-526-001

ASK ABOUT THIS PROPERTY

Tommy McHaleKeller Williams FirstMore Info
810-577-8794

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Tommy McHaleKeller Williams FirstMore Info
810-577-8794

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.