Active

$1,615,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 3258 sq ft
Overview
  • ID: MFRO6415078
  • Bedrooms:
  • Bathrooms: 0
  • Size: 3258 sq ft
Property Details
Remarks
Attention small business owners and investors, unique multiple cashflow opportunity. Prime high-traffic retail location on E Michigan Street. Corner .56-acre lot includes the main building which has 2 standard garage doors, 2 bathrooms and 4 additional entrances. Can be divided or maintained as the open thrift outlet but would be easily adapted to most commercial activities. The 2 single family residences included in the purchase can be torn down and re-zoned to 2 homesites, with 50 ft x140 ft lots, and potential new zoning may allow for heights soaring 2 or 3 stories. The properties are at the back entrance to Blankner K-8 School and an easy walk to Boone High. Stacked billboards are included in this commercial product offering multiple potential sources of income. The retail space has ample parking and has served as a hub for generations. The combination of great location with multiple-sourced income potential offers a special opportunity that will not last long. Contact us today to schedule a visit.
Financial Considerations
Price:
$1,615,000
HOA Fee:
N/A
Tax Amount:
$9566
Price per SqFt:
$377.16
Tax Legal Description:
WEIDOWS SUB E/72 LOTS 1 THROUGH 4 (LESS N 25 FT OF LOT 1 FOR R/W)
Exterior Features
Lot Size:
24572
Lot Features:
Corner Lot, Sidewalk
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Retail
Style:
N/A
Year Built:
1982
Construction Type:
Block, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
North
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    884 E MICHIGAN ST
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
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