Address
112 E 3Rd. Street Imlay City, MI
Price
$ 539,900
Property Attributes
  • ID#2210074460
  • TypeCommercial
  • CountyLAPEER
  • CityImlay City
  • AreaImlay City
  • NeighborhoodPalmers Original
  • Zip48444
  • StyleRetail with 2 Resinential Loft Apartments
  • Year Built1900
  • Taxes$ 1159
  • Price$ 539,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3316
Listing Provided Courtesy Of:
Midwest Commercial Construction LLC
Data Source:
RealComp - 83 - MI
Property Description

Building was damaged by fire in2016. Current Owner is a Broker/General Contractor and completely gutted & rebuilt building. New footings & added steel structure throughout the structure, all new water & sewer lines to City mains. Commercial doors and hardware. All new storefront aluminum frames and glass. All units have new Plumbing & Electrical services. Entire structure is fire suppressed to allow any mixed -use configuration. Heavy power, water and natural gas at main floor to allow for Bar or Restaurant . Building is fully leased [ 3 Tenants 4 Units] and completely renovated. Probably the nicest building in the Imlay City area. Building has 2 , 1 bedroom apartments , that are currently leased for $750 per month each. 2 Commercial units [ 1716 Sq. Ft. each ] ,Currently $1900 each, on 5 Year Lease with annual increases. [Main Floor & Loft Apartments all have 2 separate Entrance from Street & Alley] & Finished Basement with Separate rear Entrance.

Price History
9/10/2021 Listed $539,900

General Features

Business Type Office, Residential, Retail, Service
Commercial Type Apartments, Real Estate Only
Construction Materials Block/Concrete/Masonry, Brick, Brick Siding, Other
Cumulative Days on Market 72
Current Use Retail with 2 Resinential Loft Apartments
Gross Scheduled Income 222.00
Heating Central Air, ENERGY STARĀ® Qualified A/C Equipment, ENERGY STARĀ® Qualified Furnace Equipment, Forced Air
Listing Agent Public Id 388012
Net Operating Income 111.00
Operating Expense 111.00
Ownership Status Private Owned, Short Sale - No
Parcel Number I196020000000
Possession Subject To Tenant Rights
Property Type Commercial
School District Imlay City
Sewer Sewer-Sanitary, Storm Drain
Short Sale No
Status Active
Subdivision Name Palmer's Original
Terms Offered Cash, Conventional
Total Sq Ft 3316
Transaction Type Sale
Year Built 1900
Year Remodeled 2020
Zoning Commercial

Interior Features

Heating Fuel Natural Gas
Unit Count 2

Exterior Features

Architecture Level 2 Story
Foundation Basement, Heavy Duty Footings
Foundation Materials Block, Brick, Poured
Frontage Feet 28
Lot Size Area 0.00
Lot Size Dimensions 28X123X28X124
Roof Material Rubber
Water Source Municipal Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via and The Originating MLS(found above), © 2021 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of November 28, 2021 4:48 AM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Commercial Average in 48444

Price
AVG $520K
$540K
Taxes
AVG $5,051
$1,159
Visits
AVG 45
4
Year Built
AVG 1969
1900
Walkscore
AVG 39
54
Data Provided by Walkscore ® not using MLS data