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    615 Beardsley Road

    Boyne City, MI 49712
    • $320,000
    • STATUS: Active
    • ON SITE: 42 days
    • MLS #: 1884732
    UPDATED: 28 min ago
    $320,000
    • 0
      BEDS
    • 1.95
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,000
      SQFT
    • $64
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1994
    County:
    Area:

    School Ratings & Info

    Description

    Single tenant Boyne City office building in business park setting offers an excellent investment opportunity with an 8% cap rate. Longer term upside with current rents well below market. Stable long-term tenant with a lease expiring 9/30/21 and two options to renew for one year each. List price well below replacement cost and assessed value. On a 2 acre parcel with room to expand or add another building with potential for lot split. Includes three restrooms, full kitchen, washer/dryer hookup, and covered driveway entrance. Works well for future office, medical, daycare, church, community center or similar uses. If needed, building could readily be split into two tenant spaces. Regional Commercial/Industrial District zoning allows for variety of uses including retail and restaurant with drive-through allowed.

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    The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2021 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2021-04-20T06:52:01.48.
    www.housestraversecity.com/homes/114861290
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    615 Beardsley Road Boyne City, MI 49712

    • Price: $320,000
    • Status: Active
    • Updated: 28 min ago
    • MLS #: 1884732
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.95
    Acres
    5,000
    SQFT
    $64
    $/SQFT
    1994
    Built
    Neighborhood:
    None
    County:
    Charlevoix
    Area:
    Charlevoix
    Property Description
    Single tenant Boyne City office building in business park setting offers an excellent investment opportunity with an 8% cap rate. Longer term upside with current rents well below market. Stable long-term tenant with a lease expiring 9/30/21 and two options to renew for one year each. List price well below replacement cost and assessed value. On a 2 acre parcel with room to expand or add another building with potential for lot split. Includes three restrooms, full kitchen, washer/dryer hookup, and covered driveway entrance. Works well for future office, medical, daycare, church, community center or similar uses. If needed, building could readily be split into two tenant spaces. Regional Commercial/Industrial District zoning allows for variety of uses including retail and restaurant with drive-through allowed.
    Exterior Features

    Construction Frame Exterior Features Vinyl Foundation Slab Lot Dimensions 1343 X 63 Parking Parking Lot Road Public Maintained Roof Asphalt

    Interior Features

    Heating Cooling Type Central AirForced Air

    Property Features

    Business Incl No Business Name None Deeded Waterfront No Documents On File None Eco Features No Extras None Heating Cooling Source Natural Gas Included In Lease None Inventory Incl No Licenses None Listing Agreement Type Exclusive Right To Sell Location Business ParkInside Lot Possession Subject To Tenants Rights Present Use EducationalMedical/DentalOffice BuildingServiceReligiousAdult Foster CareDay Care Facility Sale Or Lease For Sale Sale Rent For Sale Section Number 36 Sewer Private Septic Terms CashCommercial LoanConventional Mortgage Township Boyne City Type Income Type Of Ownership Private Owner Univs Design Barrier Free Covered EntranceNo Steps Entry Vacant Land No Water Municipal Water Zoning Commercial



    The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2021 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2021-04-20T06:52:01.48.
     
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    500 S. Union
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