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1968 S Morey Road

Lake City, MI 49651
  • $249,900
  • STATUS: Pending
  • ON SITE: 419 Days
  • MLS #: 1908766
Pending
$249,900
  • 0
    BEDS
  • 0.99
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 10,000
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1980
County:
Area:

School Ratings & Info

Description

Great business opportunity, great location, high traffic counts, and visibility, combined with the great "business climate" in the Lake City area make this a great opportunity. Investors this 10,000 square feet retail building has long term leases in place with established businesses. This commercial building has two many areas with separate entrances and a large shared parking lot. The larger leased space is approx. 6,000 sq. ft. and then the south side is approx. 4,000 sq. ft. Laura's Needful Things in the bigger area located on the north end and then Gamer's Gambit located at the south entrance, both spaces have restrooms and many smaller office options and ample storage. According to MDOT (Michigan Dept. of Transportation), approx. 10,000 vehicles cruise thru Lake City on a daily basis. The plaza's has two other businesses that flanked this space that bring customers as well for foot traffic. The roof has been updated as well. Seller has currently updated all the lights to LED and it much more efficient. Shared well. The current active year to year leases with Gamer's Gambit LLC through February 2024 and Lake City Needful Items through July 2023, both for $1,500 per month installments, plus they pay their own utilities, water and insurance.

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2024 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2024-04-24T23:52:00.573.
www.housestraversecity.com/homes/137402206
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1968 S Morey Road Lake City, MI 49651

  • Price: $249,900
  • Status: Pending
  • On Site: 419 Days
  • MLS #: 1908766
0
Beds
4
Baths
0
½ Baths
0.99
Acres
10,000
SQFT
$0
$/SQFT
1980
Built
Neighborhood:
Cobblestone Plaza
County:
Missaukee
Area:
Missaukee
Property Description
Great business opportunity, great location, high traffic counts, and visibility, combined with the great "business climate" in the Lake City area make this a great opportunity. Investors this 10,000 square feet retail building has long term leases in place with established businesses. This commercial building has two many areas with separate entrances and a large shared parking lot. The larger leased space is approx. 6,000 sq. ft. and then the south side is approx. 4,000 sq. ft. Laura's Needful Things in the bigger area located on the north end and then Gamer's Gambit located at the south entrance, both spaces have restrooms and many smaller office options and ample storage. According to MDOT (Michigan Dept. of Transportation), approx. 10,000 vehicles cruise thru Lake City on a daily basis. The plaza's has two other businesses that flanked this space that bring customers as well for foot traffic. The roof has been updated as well. Seller has currently updated all the lights to LED and it much more efficient. Shared well. The current active year to year leases with Gamer's Gambit LLC through February 2024 and Lake City Needful Items through July 2023, both for $1,500 per month installments, plus they pay their own utilities, water and insurance.
Exterior Features

Construction BrickBlockSteel Exterior Features AluminumBrick Foundation Slab Lot Dimensions Irregular Parking PavedShopping Center Parking Spaces 30 Road Public MaintainedBlacktop Roof Membrane

Interior Features

Heating Cooling Type Forced AirCentral Air

Property Features

Business Incl No Business Name Needful Things/Gamers Gam Deeded Waterfront No Documents On File Agency Disclosure Eco Features No Extras Phone System14ft Ceiling Height Heating Cooling Source Natural Gas Included In Lease Exterior MaintenanceSewer Inventory Incl No Licenses None Listing Agreement Type Exclusive Right to Sell Location Corner LotShopping Center Other Taxes 0 Possession Subject to Tenants Rights Present Use Office BuildingRetail Store Real Estate Incl Yes Rent Expannual 0 Rental Incomeannual 36000 Sale Or Lease For Sale Sale Rent For Sale Section Number 12 Sewer Municipal Summer Taxes 834.52 Taxable Value 76777 Terms Commercial LoanCashOwner Assist (L/C) Total Taxes 3330.85 Township Lake Type Shopping Center Type Of Ownership Private Owner Univs Design Barrier Free Widened DoorsExtra Wide HallwaysMain Floor AccessNo Steps EntryCovered Entrance Vacant Land No Water Private WellShared Well Winter Taxes 2496.33 Zoning Commercial

Listing information © 2024 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of City2Shore Real Estate Northern Michigan: 231-839-0077.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2024 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2024-04-24T23:52:00.573.
 
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