Office/Retail Business Investment Opportunity on M-52

Retail-Commercial for Sale
Catylist Listing ID: 30459505
Property Subtypes: Free-Standing Building, Other
Building Size (RSF): 1,382 SF
Gross Building Area: See Agent
Gross Land Area: 6 Acres
Sale Price: $279,000
Unit Price: $201.88 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/15/2019

Overview / Comments

This property consists of two buildings with excellent frontage on the corner of M-52 and Grand River. Building 1 is a 1,382 SF retail/office building which has been the home of Chamberlain Windows & Siding since 2006. Featuring large lobby area with gas fireplace, private office area, storage room and bathroom. Newer updates include vinyl siding, stone front, fresh interior paint, fireplace, and water heater.
Building 2 is a 2-story, 1,896 SF residential home currently used as a fully occupied rental home; previously used as a hair salon. Updates to building 2 include new carpet, paint, new roof, vinyl windows, septic system, new deck.
Asphalt surface parking lot features 12 spaces, property also has a detached garage and shed.
This property sees over 20,000 VPD

Additional Details

Nearest MSA: Lansing-East Lansing
County: Shiawassee
Taxing Authority: Bennington Township
Tax ID/APN: 010-28-200-002-01
Zoning: B-1
Property Visibility: Excellent
Largest Nearby Street: M-52
Feet of Frontage: 86
Traffic/Vehicle Count: 20,000
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Year Built: 1940
Year Renovated: 2015
Total Parking Spaces: 12
Parking Type: Surface
Parking Description: asphalt parking

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,776 2,970 9,827
Median Age: 41.95 44.06 40.67
Households: 654 1,116 3,679

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