River Front Commercial Building with Apartment and Rooftop Deck

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 29850653
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 2,028 SF
Gross Building Area: See Agent
Gross Land Area: 0.11 Acres
Sale Price: $115,000
Unit Price: $56.71 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/21/2018

Overview / Comments

This historic building on the banks of the Grand River was completely redone from the bare walls and has had all new electrical, heating and air conditioning, plumbing, roof, insulation and windows. The property has great views out the bay windows onto the river. The building has 3 electric services, for splitting the first floor into 2 units, and a 3rd for the apartment upstairs. The lower units were last used as a salon but could make a great office or destination boutique retail store.
The building would be perfect for a live / work situation with the fresh living quarters upstairs. The living quarters has just received new carpet and has a roof top deck overlooking the river.
Apartment is currently rented, and 1st floor commercial space is vacant

Additional Details

Nearest MSA: Lansing-East Lansing
County: Eaton
Taxing Authority: City of Eaton Rapids
Tax ID/APN: 300-034-300-185-00
Zoning: MIXED
Retail Clientele: General, Family
Property Visibility: Good
Largest Nearby Street: M-50
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,011 SF
Property Condition: Excellent
Year Renovated: 2008
Roof Type: Flat
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,034 6,073 14,447
Median Age: 35.51 35.69 39.47
Households: 2,027 2,414 5,448

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