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Larry Else

larry@dtrdetroit.com +1(313) 315-3215

$ 275,000

Est. payment -/mo

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Active

1968 S Morey Road Lake Twp, MI 49651

10,000 SqFt

UPDATED:

07/17/2024 04:52 PM

Key Details

Property Type Commercial

Sub Type Business Opportunity

Listing Status Active

Purchase Type For Sale

Square Footage 10,000 sqft

Price per Sqft $27

Subdivision Cobblestone Plaza

MLS Listing ID 78080047727

Originating Board Aspire North REALTORS�

Year Built 1980

Annual Tax Amount $3,330

Lot Size 0.990 Acres

Acres 0.99

Lot Dimensions Irregular

Property Description

Great business opportunity, great location, high traffic counts, and visibility, combined with the great "business climate" in the Lake City area make this a great opportunity. Investors this 10,000 square feet retail building has long term leases in place with established businesses. This commercial building has two many areas with separate entrances and a large shared parking lot. The larger leased space is approx. 6,000 sq. ft. and then the south side is approx. 4,000 sq. ft. Laura's Needful Things in the bigger area located on the north end and then Gamer's Gambit located at the south entrance, both spaces have restrooms and many smaller office options and ample storage. According to MDOT (Michigan Dept. of Transportation), approx. 10,000 vehicles cruise thru Lake City on a daily basis. The plaza's has two other businesses that flanked this space that bring customers as well for foot traffic. The roof has been updated as well. Seller has currently updated all the lights to LED and it much more efficient. There is a new furnace system in the Gamer's Gambit section, as well. Shared well. The current active year to year leases with Gamer's Gambit LLC through February 2024 and Lake City Needful Items through July 2023, both for $1,500 per month installments, plus they pay their own utilities, water and insurance.

Location

State MI

County Missaukee

Area Lake Twp

Zoning Commercial

Interior

Heating Forced Air, Central Air

Heat Source Natural Gas

Exterior

Pool No

Waterfront no

Accessibility Disabled Access

Building

Foundation Slab

Sewer Public Sewer (Sewer-Sanitary)

Water Community, Well (Existing)

Structure Type Aluminum,Block/Concrete/Masonry,Brick,Steel

Schools

School District Lake City

Others

Tax ID 009-012-018-85, 018-75

Ownership Private Owned

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Financing Cash,Other

Special Listing Condition Unknown/Data Share Listings

Listed by City2Shore Real Estate Northern Michigan

Larry Else

Broker | License ID: 386964

+1(313) 315-3215

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