251 Center Street, South Haven, MI 49090

$1,300,000
Property Type: Commercial Sale Square Footage: 30,509 Lot Size (sq. ft.): 27,791 Status: Sold
Current Price: $1,495,000 List Date: 7/18/2018 Last Modified: 10/28/2021

Overview

Description

MIXED-USE REDEVELOPMENT OPPORTUNITY – Located in downtown South Haven's TIF District, this site offers 16 buildings totaling approx. 30,509 SF of street-front retail and former upper-level apartment units on 5 parcels totaling approx. 0.64 acres. Property is currently occupied by 8 tenants with flexible lease terms to allow for Buyer flexibility. Site is well located adjacent to Clementine's Restaurant and near the South Haven Yacht Club, Hotel Nichols, Idler Riverboat-Magnolia Grill, Old Harbor Inn, Black River Harbor and public beaches.

Supplements: Property may qualify for South Haven DDA financial incentives subject to Buyer verification with City. All leases are Gross, plus utilities. All lease terms run through 2019, except for Johnny's Lakeshore Jewelry, which runs through June 2021. Renewal terms to remain flexible. Real Property Taxes for 2017/2018 were approx. $43,000. Current in- ...

Listing Details MLS# 15032579

Location Property Info

County
Van Buren
Street #
251
Street Name
Center
Suffix
Street
State
MI
Zip Code
49090

General Property Info

New Construction
No
Lot Measurement
Acres
Lot Acres
0.64
Lot Square Footage
27791
Lot Dimensions
Irregular
Year Built
1900
Road Frontage
Yes
Total # Units
Yes
# Fin Bldg Lvls
2
Total # Bldgs
16
Total SqFt
30509
Total Net SqFt
30509
Property Use Type
Investment
Waterfront
No
School District
South Haven

Tax Info

Tax ID #
805377000400
Taxable Value
670324
SEV
755700
For Tax Year
2018
Seller's Annual Property Tax
42796
Tax Year
2017
Spec Assessment & Type
None known
Non-Conforming Use
No
Zoning
CBD
Homestead %
0

Remarks Misc

Directions
East side of Center Street between Quaker Street & Phoenix Street

Status Change Info

Under Contract Date
2018-12-21
Sold Date
2019-05-01
Sold Price/SqFt
42.61

More Information

Location & Property Info

Cross Streets
Quaker Street & Phoenix Street
Property Sub-Type
Retail
Area
Southwestern Michigan - S
Municipality
South Haven City

Office/Contract Info

Auction or For Sale
For Sale
List Price/SqFt
49
Prop Avail for Lease?
No

Remarks & Misc

Legal
See Attached

Street Type

Paved
Yes
Public
Yes

Utilities Attached

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

Sewer

Public Sewer
Yes

Water

Public Water
Yes

Uses

Bar/Tavern/Lounge
Yes
Institutional
Yes
Professional Service
Yes
Professional/Office
Yes
Recreation
Yes
Restaurant
Yes
Retail
Yes
Other
Yes

Construction Type

Frame/Wood
Yes

Heat Source

Natural Gas
Yes

Sale Conditions

None
Yes

Below Grade

Basement
Yes
Partial
Yes

Heat Type

Forced Air
Yes

Air Conditioning

Central Air
Yes

Business Includes

Non-Applicable
Yes

Util Avail at St

Cable Available
Yes
Electricity Available
Yes
Natural Gas Available
Yes
Phone Available
Yes

Send to Econ Dev Org

MEDC
Yes
SWMI First, Region 5
Yes

Purchase Terms Avail

Cash
Yes
Conventional
Yes

Possession

Close Of Escrow
Yes

Property Features

Uses: Bar/Tavern/Lounge; Institutional; Professional Service; Professional/Office; Recreation; Restaurant; Retail; Other Business Includes: Non-Applicable Construction Type: Frame/Wood Below Grade: Basement; Partial Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Cable Available; Electricity Available; Natural Gas Available; Phone Available Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional Sale Conditions: None Send to Econ Dev Org: MEDC; SWMI First, Region 5 Possession: Close Of Escrow
Listing Office: Bradley Company
Listing Agent: Jodi K Milks
IDX
Last Updated: October - 28 - 2021
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.