718 E Mount Morris Rd - Storefront Retail/Residential FOR SALE


Mount Morris, MI 48458- Mt Morris
$109,000 USD
810-348-9747
718 E Mount Morris Rd, Mount Morris, MI for Sale
$109,000 USD
Storefront Retail/Residential - FOR SALE
1/26
null | 11% Cap Rate

NEW


718 E Mount Morris Rd
Mount Morris, MI 48458
Mt Morris


HIGHLIGHTS

  • Downtown Mt Morris Mixed Use Building
  • 100% Occupied
  • Public Parking Lot & Low Overhead

OVERVIEW

Excellent investment opportunity in downtown Mt Morris! With more than 2,500 square feet of rentable space, this three-unit, mixed use building would be a perfect addition to your investment portfolio! Two contemporary apartments span the second floor and have each been recently remodeled and feature cathedral ceilings, recessed lighting, and solid surface flooring. The main floor is 1,600 square feet and host to a long-term retail tenant. Large windows in the first floor suite are great for foot traffic advertising. Municipal parking to the north and along the street reduce overhead and maintenance costs. Many updates throughout. All units are leased with performing tenants.

FOR SALE DETAILS

PRICE

$109,000 USD

PRICE/SF

$71 USD /SF

CAP RATE

11%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Convenience Store, Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1880

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R-1 SF PUD

APN/PARCEL ID

57-07-503-012

ASK ABOUT THIS PROPERTY

Mark YuschakGreat Lakes Real Estate AdvisorsMore Info
810-348-9747

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Mark YuschakGreat Lakes Real Estate AdvisorsMore Info
810-348-9747

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