Central Michigan Office, Warehouse/Shop & Storage Units

Retail-Commercial for Sale
Catylist Listing ID: 30138986
Property Subtypes: Day Care Facility, Free-Standing Building, Mixed Use, Street Retail, Vehicle Related, Other
Building Size (RSF): 14,016 SF
Gross Land Area: 0.51 SF
Sale Price: $359,000
Unit Price: $25.61 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Former Mid-Michigan Vending Building, Shepherd MI
Usable Size (USF): 14,016 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/27/2017

Overview / Comments

210 S. 1st Street is a First Rate Quality Commercial Building in the Village of Shepherd Michigan. The Building is this Properties Main Feature and consists of 14,016 Square Feet of Space for Commercial Operation, 1,488 Square Feet of Office, an Apartment being 1,488 Square Feet, First Class Warehouse/Shop Space being 8,160 Square Feet and (11) 11 X 24 Commercial and Rented Storage Units Totaling 2,880 Square Feet. It was Built to the Specifications of a Long Time and Successful Vending Business Owner. Quality and Cash Flow is Evident Throughout this Property. The Warehouse/Shop Space Features, Efficiency Lighting, Trench Drainage and No Columns. The Office Area is Well Appointed, Clear and Clean. The Storage Units and Apartment are Currently All Under Lease.

Additional Details

Nearest MSA: Mount Pleasant
County: Isabella
Taxing Authority: Coe Township of Isabella County Michigan
Tax ID/APN: 31-050-00-005-00
Retail Clientele: General, Family, Business, Recreation
Property Located Between: Wright & Campbell
Property Visibility: Good
Largest Nearby Street: Wright Avenue, the Main Street of Shepherd
Feet of Frontage: 358
Highway Access: Within 1 Mile of US-127 Interchange.
Site Description: The Property Sets in the Western Portion of the Village of Shepherd, just East of the Railroad Tracks in an Area of Properties Typical of a Mid-Century Railway Corridor. All Buildings are Well Maintained as is the Neighborhood to the East.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2000
Roof Type: Gable
Construction/Siding: Brick, Metal Siding
Parking Type: Surface
Parking Description: Hard Surface Parking at North End of Property and on South End In Front of Storage Units and Entry to Warehouse/Shop Area.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Clean and Well Maintained Interior Formerly Used to Store Vending Merchandise in a Secure and Controlled Environment.
Lot Frontage: 358
Lot Depth: 66
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: Sewer Easement at South End
Land Ownership: Fee Simple
Legal Description: 358 Feet more or less off the South End of Block A.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,819 3,110 29,601
Median Age: 38.88 39.16 25.07
Households: 762 1,242 9,350

Contact

Photograph of Listing Agent

Jeffrey R. Bean

CPIX Member
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