6585 & 6535 M-66 North

    Charlevoix, MI 49720
    • $930,000
    • STATUS: Active
    • ON SITE: 349 days
    • MLS #: 1862785
    UPDATED: 25 min ago
    $930,000
    • 0
      BEDS
    • 1.44
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 17,975
      SQFT
    • $52
      $/SQFT
    Neighborhood:
    N/A
    Type:
    Commercial
    Built:
    1991
    County:
    Area:

    School Ratings & Info

    Description

    Investment opportunity on busy M-66 in Charlevoix. This 17,975 SF retail building has great visibility and signage and is on a main retail thoroughfare. 3 Unit building fully leased to Fastenal, Bergmann Center Resale, and Wild Wild West Tobacco. 2 rear truck wells with overhead doors. There is easy egress & ingress from M-66 and it is only 1.5 miles to downtown Charlevoix. Current income is 10% Cap rate and at $52/SF this building is a great value. Priced below assessed value and room for future rent growth.

    Monthly Payment Calculator



    The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2020 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2020-05-28T20:51:53.92.
    www.housestraversecity.com/homes/95889164

    6585 & 6535 M-66 North Charlevoix, MI 49720

    • Price: $930,000
    • Status: Active
    • Updated: 25 min ago
    • MLS #: 1862785
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.44
    Acres
    17,975
    SQFT
    $52
    $/SQFT
    1991
    Built
    Neighborhood:
    N/A
    County:
    Charlevoix
    Area:
    Charlevoix
    Property Description
    Investment opportunity on busy M-66 in Charlevoix. This 17,975 SF retail building has great visibility and signage and is on a main retail thoroughfare. 3 Unit building fully leased to Fastenal, Bergmann Center Resale, and Wild Wild West Tobacco. 2 rear truck wells with overhead doors. There is easy egress & ingress from M-66 and it is only 1.5 miles to downtown Charlevoix. Current income is 10% Cap rate and at $52/SF this building is a great value. Priced below assessed value and room for future rent growth.
    Exterior Features

    Construction SteelFrame Exterior Features VinylBrick Foundation Slab Lot Dimensions Irregular Parking Parking LotPaved Road BlacktopPublic Maintained Roof Metal/Steel

    Interior Features

    Heating Cooling Type Forced AirCentral Air

    Property Features

    Business Incl No Business Name N/A Deeded Waterfront No Documents On File Leases Eco Features No Extras Overhead Door(S)Loading Dock(S)Security System Heating Cooling Source Natural Gas Included In Lease Other Inventory Incl No Licenses None Listing Agreement Type Exclusive Right To Sell Location Freestanding Possession Subject To Tenants Rights Present Use Retail Store Sale Or Lease For Sale Sale Rent For Sale Section Number 35 Sewer Municipal Terms 1031 ExchangeCashCommercial Loan Township Charlevoix Type Retail/Commercial Type Of Ownership Private Owner Univs Design Barrier Free Main Floor AccessNo Steps EntryCovered Entrance Vacant Land No Water Municipal Water Year Remodeled 1996 Zoning OfficeRetailCommercialRestaurant/Food



    The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2020 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2020-05-28T20:51:53.92.
     
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