2555 Treat Hwy

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 29836949
Property Subtypes: Free-Standing Building, Street Retail, Other
Status: Pending/Contingent
Building Size (RSF): 3,200 SF
Gross Building Area: See Agent
Sale Price: $177,000
Unit Price: $55.31 PSF
Ceiling: 16 ft.
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2016

Overview / Comments

PROPERTY IS CURRENTLY LEASED FOR $1,200 PER MONTH PLUS UTILITIES & TAXES. LOT SIZE IS 216 X 358. 1.75 +/- ACRES. BUILDING HAS OFFICE, ONE BATHROOM, 200 AMP ELECTRIC, CO-RAY VAC HEAT, ASPHALT SHINGLE ROOF, STEEL SIDING. THREE OVERHEAD DOORS - 1-10 FT. AND 2-12 FT. PROPERTY IS IN EXCELLENT CONDITION IN A HIGH TRAFFIC AREA.

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $3,238 (Annual)
Assessed Value - Total($) $72,100 (Annual)

Additional Details

Nearest MSA: Adrian
County: Lenawee
Taxing Authority: MADISON TOWNSHIP
Tax ID/APN: MD0-112-3270-00
Zoning: COMMERCIAL
Market Type: Medium
Retail Clientele: General, Business, Other
Property Located Between: Beecher St (M34) and US BUS 223
Side of Street: East
Road Type: Paved
Property Visibility: Good
Largest Nearby Street: Business US 223
Feet of Frontage: 216
Transportation: Highway
Highway Access: US 223
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,200 SF
Property Condition: Excellent
Year Built: 1999
Roof Type: Other
Construction/Siding: Metal Siding
Parking Type: Surface
Heat Type: Suspended Radiant Heaters
Heat Source: Radiant
Internet Access: Cable, DSL, Satellite
Lot Frontage (Feet): 216
Lot Depth: 358
Easements: Utilities
Land Ownership: Private
Legal Description: THE S 1/2 OF THE FOLLOWING DESCRIBED PARCEL OF LD DES AS COMM AT THE NW COR OF THE NE 1/4 OF THE SW 1/4 OF SEC 12 AND RUNN TH E 358.71 FT TH S 433.30 FT TH W 358.71 FT TH N 433.50 FT TO POB

Attachments & Media


Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,966 28,097 39,294
Median Age: 35.98 35.31 37.49
Households: 932 9,628 13,912

Contact

© Copyright Commercial Property Information Exchange (CPIX). All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.