Properties for sale in Michigan

Location Property Info

County: Montcalm
Street #: 10300
Street Direction: W
Street Name: Howard City-Edmore
State: MI
Zip Code: 48850

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 2.56
Lot Square Footage: 111514
Lot Dimensions: 200x200
Year Built: 1975
Road Frontage: 200
Mineral Rights: Unknown
Year Remodeled: 2021
Total # Units: Yes
# Fin Bldg Lvls: 2
Total # Bldgs: 2
Total SqFt: 6068
Property Use Type: Investment
Full Baths: 3
Total Baths: 3
Waterfront: No
School District: Lakeview

Tax Info

Tax ID #: 004-017-006-010
Taxable Value: 395000
SEV: 138400
For Tax Year: 2021
Seller's Annual Property Tax: 63502
Tax Year: 2021
Spec Assessment & Type: none
Non-Conforming Use: No
Zoning: Commercial
Homestead %: 0

Remarks Misc

Directions: M-46 between Saterlee And Youngman

Additional Details

Total Parking Spaces: 34
Ceiling Height: 8

More Information

Income and Expenses

Annual Maint ($): 3000
Annual Mgt Fees ($): Yes
Annual Prop Ins ($): 10008235
Annual Utilities ($): Yes
Gross Op Income ($): 40777
Net Operating Income: 28540
Total Actual Rent: 40776.96
Operating Expense: 4002

Business Opportunity

Real Estate Value ($): 477000

Unit 1

Unit Description: State Police Post
SqFt: 6068
Occupied: Yes
Rent $/Month: 3398.08
# HVAC: Yes
# Baths: 3
Tenant Pays Electric: Yes
Tenant Pays Gas: Yes
Tenant Pays Other: Yes
Tenant Pays Trash: Yes

Location & Property Info

Cross Streets: Satterlee/Youngman and M-46
Property Sub-Type: Office
Municipality: Cato Twp
Principal Road: Yes
Ownership Type: Private Owned

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 78.28
Prop Avail for Lease?: No
Current Bldg Use: Leased by MI State Police

Remarks & Misc

Public Remarks: In today's economy choose the wise investment of land - supply and demand- it is the one thing no one can make more of! With an annual Net operating income of nearly $30k and a guaranteed ROI over 6% for the next 5 years- this property leased until 12/31/31, by the State of Michigan, with expanding opportunities as urban sprawl continues and the village of Lakeview (less than 2 miles away) begins to outgrow its borders. Zoned R-R with commercial approval who is to say how high the generated income on this property could go? Take consideration and do not let these dollars pass you by. Square Footage: 6,068 sq ft Valuation calculated by historical purchase price x inflation and investment alongside the current SEV and current lease rents totaling $203,884.80
Legal: see separate description

Street Type

Paved: Yes
Public: Yes

SqFt Information

Other: Yes

Property Use

Business: Yes
Investment: Yes
Net Leased (nnn): Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Connected: Yes

Sewer

Septic Tank: Yes

Water

Well: Yes

Uses

Distribution: Yes
Manufacturing: Yes
Professional Service: Yes
Professional/Office: Yes
Recreation: Yes
Retail: Yes
Storage: Yes
Other: Yes

Construction Type

Block: Yes
Concrete: Yes
Other: Yes

Exterior Material

Block: Yes
Brick: Yes
Concrete: Yes
Metal Siding: Yes

Roofing

Metal: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes
Other: Yes

Ownership

Proprietorship: Yes
Other: Yes

Below Grade

Basement: Yes
Full: Yes
Walk-Out Access: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Central Air: Yes

Docs at List Office

Survey: Yes
Other: Yes

Business Includes

Real Estate: Yes
Other: Yes

Additional Features

Barrier Free: Yes
Bath Common Area: Yes
Expandable: Yes
Multi User Facility: Yes
Outdoor Storage: Yes

Foundation

Block: Yes
Concrete Perimeter: Yes
Permanent: Yes

Util Avail at St

Cable Available: Yes
High Speed Internet: Yes

Driveway

Paved: Yes

Docs Req Conf Agrmnt

Financials: Yes
Leases: Yes
Rent Roll: Yes
Other: Yes

Purchase Terms Avail

Cash: Yes
Conventional: Yes

Possession

Subject To Tenant Rights: Yes

Property Features

Property Use: Business; Investment; Net Leased (nnn) SqFt Information: Other Uses: Distribution; Manufacturing; Professional Service; Professional/Office; Recreation; Retail; Storage; Other Ownership: Proprietorship; Other Business Includes: Real Estate; Other Construction Type: Block; Concrete; Other Exterior Material: Block; Brick; Concrete; Metal Siding Roofing: Metal Foundation: Block; Concrete Perimeter; Permanent Below Grade: Basement; Full; Walk-Out Access Additional Features: Barrier Free; Bath Common Area; Expandable; Multi User Facility; Outdoor Storage Sewer: Septic Tank Water: Well Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Cable Available; High Speed Internet Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Paved Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional Docs at List Office: Survey; Other Docs Req Conf Agrmnt: Financials; Leases; Rent Roll; Other Sale Conditions: None; Other Unit 1: Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Other; Tenant Pays Trash Possession: Subject To Tenant Rights

10300 W Howard City-Edmore, Lakeview, MI 48850

Overview

Description

Listing Details MLS# 26037049