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$ 150,000
Est. payment | /mo
2,685 SqFt
$ 150,000
Est. payment | /mo
2,685 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 2,685 sqft
Price per Sqft $55
Municipality Central Lake Twp
Subdivision Central Lake Twp
MLS Listing ID 80061607
Year Built 1920
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Industrial
Source MiRealSource
Property Description
Presenting a prime commercial real estate opportunity with a built-in income stream and exceptional upside potential. This unique offering features a versatile street-level commercial space and two fully-occupied residential apartments above, located in the heart of Central Lake. The ground-floor commercial space is a testament to its long-standing success as a hair salon, with a strong legacy and a team of stylists who are integral to its operations and who are eager to continue under new management. This presents a rare "walk-in and go" business opportunity, with a built-in staff and customer base. The space's versatility, however, is its greatest asset, easily convertible to a variety of other uses, including professional offices, a welcoming coffee shop, or a vibrant retail store. The property's residential component is a key asset, featuring two apartments currently occupied by long-term, stable tenants who wish to remain in the building. This provides a consistent and reliable rental income stream from day one, helping to offset ownership costs and increase the property's overall return. While the building is a charming, historic structure and is currently generating income, it is being offered as-is and is in need of some repair and updating. This presents a unique value-add opportunity for a savvy investor or a visionary owner to renovate and revitalize the property, enhancing its value and unlocking its full potential. This is a rare find for a buyer who can appreciate a property with both immediate income and substantial upside. Whether you're an investor looking to start a new project or an entrepreneur ready to capitalize on a prime location, this listing offers a strategic path to profitability and growth.
Location
State MI
County Antrim
Zoning Commercial
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Sewer Public
Structure Type Block,Brick
Listed by Lakeside Properties Real Estate
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