116-120 N Farmer St - Storefront Retail/Residential FOR SALE


Otsego, MI 49078
$560,000 USD
989-980-7359
116-120 N Farmer St, Otsego, MI for Sale
$560,000 USD
Storefront Retail/Residential - FOR SALE
1/14
null | Request Cap Rate

116-120 N Farmer St
Otsego, MI 49078


OVERVIEW

120 N Farmer is situated in a prime location downtown Otsego, providing convenient access to shopping, restaurants & bars. This turnkey investment opportunity could also be an ideal owner occupant live/work space. The main level consists of 2 commercial spaces totaling approx 1,730 sq ft, while the upper level consists of 3 apartments. 100% occupancy, rents are blow market and should be increased. Upper level includes: 2 bdrm apt., one bdrm apt and a studio. Tenants pay all utilities, including water.

FOR SALE DETAILS

PRICE

$560,000 USD

PRICE/SF

$160 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1870

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

CBD

APN/PARCEL ID

54-100-120-70

ASK ABOUT THIS PROPERTY

Shawn JacobsMOXIE Real Estate + DevelopmentMore Info
989-980-7359

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Shawn JacobsMOXIE Real Estate + DevelopmentMore Info
989-980-7359

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