FREE STANDING COMMERCIAL BUILDING FOR SALE

Retail-Commercial for Sale
Catylist Listing ID: 661064
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad, Street Retail
Building Size (RSF): 5,820 SF
Gross Land Area: 59,400 SF
Sale Price: $399,000
Unit Price: $68.56 PSF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 5,820 SF
Sale Terms: Cash to Seller, Owner Financing, Sale/Leaseback
Last Updated: 5/17/2018

Overview / Comments

THIS BUILDING WAS THE PONDEROSA STEAKHOUSE, BEFORE THEY MOVED TO A NEW LOCATION. THE BUILDING IS APPROX 5,820 SQ FT, LOT SIZE IS 270 X 220, 84 PARKING SPACES WITH RECIPROCAL EASEMENT AGREEMENT FOR PARKING. ALSO FOR LEASE AT $8 PSF PLUS NNN.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $11,069 (Annual)

Additional Details

Nearest MSA: Mount Pleasant
County: Isabella
Taxing Authority: City of Mt. Pleasant
Tax ID/APN: 17-000-06241-00
Zoning: COMM
Market Type: Medium
Retail Clientele: General, Family, Business, Tourist, Casino
Property Located Between: Preston & Fairfield
Side of Street: East
Road Type: Paved
Property Visibility: Good
Largest Nearby Street: SOUTH MISSION
Feet of Frontage: 220
Traffic/Vehicle Count: 35,000
Highway Access: US 127
Site Description: LOCATED IN THE HEART OF MT. PLEASANTS FAST GROWING RETAIL/COMMERCIAL DISTRICT. ACCROSS THE STREET FROM CENTRAL MICHIGAN UNIVERSITY AND MINUTES FROM SOARING EAGLE CASINO AND RESORT.
Area Description: LOCATED IN THE HEART OF MT. PLEASANTS FAST GROWING RETAIL/COMMERCIAL DISTRICT. ACCROSS THE STREET FROM CENTRAL MICHIGAN UNIVERSITY AND MINUTES FROM SOARING EAGLE CASINO AND RESORT.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1975
Year Renovated: 2011
Total Parking Spaces: 84
Parking Type: Surface
Parking Description: 84 PARKING SPACES WITH RECIPROCAL EASEMENT AGREEMENT FOR PARKING
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, DSL, Satellite
Zoning Description: COMMERCIAL
Lot Frontage: 220
Lot Depth: 270
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LYNNWOOD ADD PART OF OUTLOT A, COM AT THE SE COR OF OUTLOT A, TH N 220 FT, W 270 FT, S 220 FT, E 270 FT TO POB.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,145 36,882 41,204
Median Age: 24.24 25.74 27.12
Households: 4,948 12,797 14,570
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