1721 Lakeshore Dr - Multi-Family FOR SALE


Saint Joseph, MI 49085
$725,000 USD
269-930-3535
1721 Lakeshore Dr, Saint Joseph, MI for Sale
$725,000 USD
Multi-Family - FOR SALE
1/8
null | Request Cap Rate

1721 Lakeshore Dr
Saint Joseph, MI 49085


HIGHLIGHTS

  • Prime Lake Shore Drive address in St. Joseph.
  • One block from Lake Michigan public beach access.
  • 3,762 SF existing structure ready for residential conversion.
  • R-2 zoning supports single-family, duplex, or multifamily redevelopment.
  • Potential for expanded unit count or PUD with city approval.
  • 0.26-acre corner lot with 113 feet of frontage.

OVERVIEW

CALLING ALL CONTRACTORS AND DEVELOPERS! This is a unique property waiting to be converted. It is currently a commercial property on Lake Shore Drive with great views of Lake Michigan. Located just 1 block from beach access. Due to new zoning requirements, it will need to be converted to a Residential property after sale. It has potential to be a single family, duplex or PUD with City approval. Height not to exceed 35 feet. This has potential to become a beautiful multifamily or condo development. The number of units could possibly be in excess of 4. Bring your dreams and vision! Buyer and buyers agent to verify all information. Currently a commercial property. Could be more than 4 units.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$403 USD /SF

# OF UNITS

1

PRICE/UNIT

$725,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1719 Lakeshore Dr, Saint Joseph, MI 49085-163

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

r2

APN/PARCEL ID

11-76-8550-0014-00-1

ASK ABOUT THIS PROPERTY

Keene TaylorRealty Executives Instant EquityMore Info
269-930-3535

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Keene TaylorRealty Executives Instant EquityMore Info
269-930-3535

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