Office Building - Downtown Mt. Pleasant

Office for Sale
Catylist Listing ID: 30556388
Property Subtypes: Office Building
Building Size (RSF): 2,376 SF
Gross Land Area: 0.07 Acres
Sale Price: $190,000
Unit Price: $79.97 PSF
In Opportunity Zone? Yes
Property Use Type: Business
Building Name: None
Usable Size (USF): 2,040 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/7/2020

Overview / Comments

Turn-key updated office building located in downtown Mt. Pleasant. Oak library paneling and trim set the stage for this professional space and the 5-private offices, separate waiting and reception areas, conference room, kitchen, and 3-bathrooms. Basement with storage space. Recent updates include a membrane roof and LED lighting throughout the space.

Attachments & Media

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $5,052 (Annual)
Tax Value Land $75,002
Potential Rental Income $31,200 (Annual)
Gross Operating Income $25,200 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name MMH Counseling Services
Is Renting? Yes
SF of Space Occupied 126 SF
Lease Expiration 12/2020
Tenant Business Name Tracey Galgoci Counseling PLLC
Is Renting? Yes
SF of Space Occupied 154 SF
Tenant Business Name T. Sherlock Counseling
Is Renting? Yes
SF of Space Occupied 126 SF
Lease Expiration 5/2020
Tenant Business Name Laurie Potie Counseling, LCSW, LLC
Is Renting? Yes
SF of Space Occupied 108 SF

Additional Details

Nearest MSA: Mount Pleasant
County: Isabella
Taxing Authority: City of Mt. Pleasant
Tax ID/APN: 17-000-00-211-00
Property Located Between: Main Street & Pine Street
Site Description: Building has good visibility with moderate foot traffic.
Area Description: Broadway Street is a main commercial street in Mt. Pleasant. Surrounding business are retail, restaurant, and medical offices. This property is located across the street from the city offices.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,040 SF
Year Built: 1960
Parking Description: Street and city lots.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Internet Access: Cable
Interior Description: Turn-key updated office building located in downtown Mt. Pleasant. Oak library paneling and trim set the stage for this professional space and the 5-private offices, separate waiting and reception areas, conference room, kitchen, and 3-bathrooms. Basement with storage space. Recent updates include a membrane roof and LED lighting throughout the space.
Zoning Description: Commercial
Lot Frontage: 40
Lot Depth: 77
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: LLC
Legal Description: PART OF LOTS 6 & 7, BLK 15 ORIGINAL PLAT, BEG AT INTER. OF VAC ALLEY & S ROW LINE BROADWAY ST, TH S 76.75 FT ALONG CENTERLINE OF ALLEY, TH W 40.91 FT, TH N 78.85 FT ALONG PARTY WALL & WALL EXTENDEDTH ELY 40.66 FT ALONG S ROW LINE BROADWAY ST TO POB. --TIF

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,546 39,385 41,122
Median Age: 24.9 26.58 27.36
Households: 3,318 13,808 14,461

Contact

Photograph of Listing Agent

Daniel Dwyer-Snyder

EXP Realty LLC CPIX Member
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