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$ 845,000
Est. payment /mo
Active
314 EASTMAN Avenue Midland, MI 48460
6,710 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 6,710 sqft
Price per Sqft $125
Subdivision Mi
MLS Listing ID 50214652
Year Built 1906
Lot Size 0.460 Acres
Acres 0.46
Property Sub-Type Commercial/Industrial
Property Description
PACKAGE OF (4) LEASED INVESTMENT PROPERTIES NOW REDUCED!! $845,000 7% CAP RATE!! FOR SALE: (4) LEASED MULTIFAM/COMMERCIAL INVESTMENT PROPERTIES! CALL BROKER FOR ALL THE DETAILS AND FOR THE MARKETING BROCHURE. PLEASE DO NOT APPROACH TENANTS! There are (4) addresses for this package sale. All properties to be sold together- no separate sales! 314 Eastman- Zoning Office Service (office on street level- apartment upper level, 507 W. Buttles (RES Duplex but currently used as a single fam residence- Zoning Office Service), 501 W. Buttles (RES Duplex but currently used as single fam residence- Zoning Office Service), 421 W. Buttles (RES Duplex- used as Single fam home- Zoning Office Service). All are currently leased! Keep the revenue of the leases while you wait for redevelopment opportunities in Downtown Midland- Great location!! Highly visible Investment as you travel down M-20 (BUTTLES) to the downtown area where the Dow Diamond is located, East End, several offices, retail and multiple restaurants, including the ZINC CAFE and the H Hotel, upscale dining and accommodations which is just around the corner from this Investment. Note on the opposite end of the street where Buttles and Jerome meet there is a very popular gas station- see additional details for potential redevelopment of the downtown area. INVESTORS: CAP RATE IS 7% Great location! Well maintained! All are leased now, they all have been consistently leased through the many, many years the owners have had the properties.Upside potentials, Call BROKER for additional details. Thank you!
Location
State MI
County Midland
Area Midland (56020)
Zoning 1-2 Multi,Mixed Use,Commercial,Residential
Building
Water Public Water
Others
Energy Description Natural Gas
Financing Cash,Commercial Loan,Conventional
Listed by Trademark Commercial Group