Properties for sale in Michigan

Overview

Description

A stunning opportunity to own three separate office units! All three units are large, classy, well designed units to host a variety of businesses. Currently, the three units are occupied by long-standing, established, thriving tenants--State Farm Insurance, a therapist's practice, and hair salon. Each unit pays their own utilities. The two versatile office spaces have dedicated reception areas and nicely appointed private bathrooms. The long-established hair salon has new flooring, paint, and plumbing. Ample parking and high visibility on Red Arrow make this the complete investment package. All three tenants (~$900 per unit/month= ~$2700/month income) would stay. If you prefer to keep one office unit for your own business, office #2 would vacate if the new owner wanted. The hair salon and one other business have expressed an interest in expanding to office unit #2 as well. These office spaces are very desirable, versatile, and profitable!

Location Property Info

County: Berrien
Street #: 6560
Street Name: Red Arrow
Suffix: Highway
State: MI
Zip Code: 49038
Zip (4): 8754

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 0.36
Lot Square Footage: 15682
Lot Dimensions: 71 x 123
Year Built: 1974
Road Frontage: 71
Mineral Rights: Unknown
Total # Units: 3
# Fin Bldg Lvls: 3304
# of Diff Unit Floor Plans: Yes
Total # Bldgs: Yes
Property Use Type: Business
Full Baths: 4
Waterfront: No
School District: Coloma
Total SqFt: 0

Tax Info

Tax ID #: 11-08-0028-0001-14-9
Taxable Value: 75360
SEV: 95900
For Tax Year: 2024
Seller's Annual Property Tax: 3595
Tax Year: 2024
Spec Assessment & Type: None Known
Non-Conforming Use: No
Homestead %: 0

Income and Expenses

Total Actual Rent: 2700

Unit 1

Unit Description: Therapist Office
Occupied: Yes
Rent $/Month: 900
# Baths: Yes
Tenant Pays Electric: Yes
Tenant Pays Gas: Yes
Tenant Pays Other: Yes
Tenant Pays Sewer: Yes
Tenant Pays Trash: Yes
Tenant Pays Water: Yes

More Information

Unit 2

Unit Description: Hair Salon
Occupied: Yes
Rent $/Month: 900
# Baths: Yes
Tenant Pays Electric: Yes
Tenant Pays Gas: Yes
Tenant Pays Other: Yes
Tenant Pays Sewer: Yes
Tenant Pays Trash: Yes
Tenant Pays Water: Yes

Unit 3

Unit Description: State Farm
Occupied: Yes
# Baths: 2
Tenant Pays Electric: Yes
Tenant Pays Gas: Yes
Tenant Pays Other: Yes
Tenant Pays Sewer: Yes
Tenant Pays Trash: Yes
Tenant Pays Water: Yes

Location & Property Info

Cross Streets: Red Arrow
Property Sub-Type: Office
Municipality: Coloma Twp
Principal Road: Yes
Ownership Type: Private Owned

Office/Contract Info

Auction or For Sale: For Sale
Prop Avail for Lease?: No
Current Bldg Use: Office/Service

Remarks & Misc

Public Remarks: A stunning opportunity to own three separate office units! All three units are large, classy, well designed units to host a variety of businesses. Currently, the three units are occupied by long-standing, established, thriving tenants--State Farm Insurance, a therapist's practice, and hair salon. Each unit pays their own utilities. The two versatile office spaces have dedicated reception areas and nicely appointed private bathrooms. The long-established hair salon has new flooring, paint, and plumbing. Ample parking and high visibility on Red Arrow make this the complete investment package. All three tenants (~$900 per unit/month= ~$2700/month income) would stay. If you prefer to keep one office unit for your own business, office #2 would vacate if the new owner wanted. The hair salon and one other business have expressed an interest in expanding to office unit #2 as well. These office spaces are very desirable, versatile, and profitable!
Legal: full legal on BSA

Street Type

Paved: Yes

Property Use

Business: Yes
Investment: Yes

Utilities Attached

Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Uses

Professional Service: Yes
Professional/Office: Yes
Retail: Yes

Construction Type

Block: Yes

Exterior Material

Wood Siding: Yes

Roofing

Composition: Yes
Rubber: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Below Grade

Basement: Yes
Full: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Central Air: Yes

Business Includes

Real Estate: Yes

Util Avail at St

Electricity Available: Yes
Natural Gas Available: Yes
Storm Sewer: Yes

Tenant Pays All

Electric: Yes
Gas: Yes
Sewer: Yes
Trash: Yes
Water: Yes

Driveway

Paved: Yes

Purchase Terms Avail

Cash: Yes
Conventional: Yes

Possession

Close Of Escrow: Yes
Seller Rent Back: Yes
Subject To Tenant Rights: Yes

Property Features

Property Use: Business; Investment Uses: Professional Service; Professional/Office; Retail Business Includes: Real Estate Construction Type: Block Exterior Material: Wood Siding Roofing: Composition; Rubber Below Grade: Basement; Full Tenant Pays All: Electric; Gas; Sewer; Trash; Water Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at St: Electricity Available; Natural Gas Available; Storm Sewer Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Paved Street Type: Paved Purchase Terms Avail: Cash; Conventional Sale Conditions: None Unit 1: Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Other; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water Unit 2: Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Other; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water Unit 3: Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Other; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water Possession: Close Of Escrow; Seller Rent Back; Subject To Tenant Rights

6560 Red Arrow Highway, Coloma, MI 49038