Catylist ID:
#30843874
| Catylist Listing ID: | 30843874 |
| Property Subtypes: | Mixed Use, Light Industrial, Other |
| Building Size (RSF): | 4,320 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 0.17 Acres |
| Sale Price: | $159,900 |
| Unit Price: | $37.01 PSF |
| Ceiling: | 14 ft. |
| Docks/Doors: | 2 Doors |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/31/2023 |
Overview / Comments
|
Welcome to 127 North St, Morenci, Michigan! This exceptional 4,320 sq ft single tenant mixed-use, retail/light industrial building is a remarkable opportunity situated in the heart of downtown Morenci, just moments away from the bustling intersection of West Main and North St. This versatile property offers an array of features that make it an ideal choice for businesses seeking a dynamic and high-traffic location. Boasting two large bay doors, the building provides convenient access for loading and unloading of goods or equipment, catering to the needs of light industrial operations. Inside, you'll discover a well-designed layout that maximizes functionality and space utilization. The property includes a spacious loft area, offering additional square footage that can be utilized as an office space, a storage area, or even converted into a break room for your staff. This loft area provides flexibility and adaptability to suit your specific business requirements. One of the standout features of this property is the 25'x42' retail storage area. This generous space is perfect for safely storing inventory, supplies, or equipment, ensuring that you have everything you need within reach. The convenient proximity to the retail area streamlines operations, allowing for efficient restocking and inventory management. Situated in the heart of downtown Morenci, this property benefits from its prime location. The bustling intersection of West Main and North St is just a stone's throw away, ensuring exceptional visibility and accessibility for your business. The vibrant local community and steady flow of visitors to the area create a thriving commercial environment that can greatly contribute to the success of your venture. Don't miss out on this incredible opportunity to establish your retail or light industrial business in the heart of downtown Morenci. With its impressive square footage, two large bay doors, loft area, and dedicated retail storage space, 127 North St offers the perfect combination of functionality and convenience. Schedule a showing today and unlock the full potential of this exceptional property! |
Additional Details
| Nearest MSA: | Adrian |
| County: | Lenawee |
| Taxing Authority: | City of Morenci |
| Tax ID/APN: | XM0-410-0721-00 |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Year Built: | 1940 |
| Year Renovated: | 2015 |
| Parking Type: | Other |
| Parking Description: | Street Parking along with 8 parking spots in alley. |
| Total Parking Spaces: | 8 |
| Overhead Cranes: | Undisclosed |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | LD DES AS COMM AT THE SE COR OF LOT 72 FRANKLIN CAWLEY'S ADD TH W'ERLY ALG THE S LI OF SD LOT 83 FT TO THE E LI OF LD OWNED BY CHESTER WELCH TH N'ERLY ALG THE E LI OF SD WECH LD 34 FT TH E'ERLY PAR WITH THE S LI OF SD LOT 83 FT TO THE E LI OF SD LOT TH S'ERLY ALG THE E LI OF SD LOT 34 FT TO THE POB ALSO A STRIP OF LD OF THE UNIFORM WIDTH OF 82 FT FRONT & REAR FROM OFF AND ACROSS THE E END OF LOT 72 ON THE PLAT OF FRANKLIN CAWLEY'S ADD EXC A STRIP OF LD 34 FT WD FRONT & REAR FROM OFF AND ACROSS THE ENTIRE S SIDE THEREOF |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 815 | 2,753 | 6,881 |
| Median Age: | 34.15 | 38.5 | 39.88 |
| Households: | 286 | 1,054 | 2,603 |
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