Office Building - Downtown Mt. Pleasant
Office
for Sale
| Catylist Listing ID: |
30556388 |
| Property Subtypes: |
Office Building
|
| Building Size (RSF): |
2,518 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.07 Acres
|
| Sale Price: |
$190,000 |
| Unit Price: |
$75.46 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Business |
| Building Name: |
None |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/8/2021 |
Overview / Comments
Turn-key updated ADA office building located in downtown Mt. Pleasant. Oak library paneling and trim set the stage for this professional space and the 5-private offices, separate waiting and reception areas, conference room, kitchen, and 3-bathrooms. Basement with storage space. Recent updates include a membrane roof and LED lighting throughout the spaces.
|
Financials
| Finance Data Year |
2019 |
| Real Estate Taxes - Annual($) |
$5,052 (Annual) |
| Tax Value Land |
$75,002 |
| Potential Rental Income |
$31,200 (Annual) |
| Gross Operating Income |
$25,200 (Annual) |
| Actual or Proforma Year |
Actual |
Current Tenants
| Tenant Business Name |
MMH Counseling Services |
| Is Renting? |
Yes |
| SF of Space Occupied |
126 SF |
| Lease Expiration |
12/2020 |
| Tenant Business Name |
Tracey Galgoci Counseling PLLC |
| Is Renting? |
Yes |
| SF of Space Occupied |
154 SF |
| Tenant Business Name |
T. Sherlock Counseling |
| Is Renting? |
Yes |
| SF of Space Occupied |
126 SF |
| Lease Expiration |
5/2020 |
| Tenant Business Name |
Laurie Potie Counseling, LCSW, LLC |
| Is Renting? |
Yes |
| SF of Space Occupied |
108 SF |
Additional Details
| Nearest MSA: |
Mount Pleasant |
| County: |
Isabella |
| Taxing Authority: |
City of Mt. Pleasant |
| Tax ID/APN: |
17-000-00-211-00 |
| Property Located Between: |
Main Street & Pine Street |
| Site Description: |
Building has good visibility with moderate foot traffic. |
| Area Description: |
Broadway Street is a main commercial street in Mt. Pleasant. Surrounding business are retail, restaurant, and medical offices. This property is located across the street from the city offices. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
2,518 SF |
| Year Built: |
1960 |
| Parking Description: |
Street and city lots. |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Internet Access: |
Cable |
| Interior Description: |
Turn-key updated office building located in downtown Mt. Pleasant. Oak library paneling and trim set the stage for this professional space and the 5-private offices, separate waiting and reception areas, conference room, kitchen, and 3-bathrooms. Basement with storage space. Recent updates include a membrane roof and LED lighting throughout the space.
|
| Zoning Description: |
Commercial |
| Lot Frontage: |
40 |
| Lot Depth: |
77 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
LLC |
| Legal Description: |
PART OF LOTS 6 & 7, BLK 15 ORIGINAL PLAT, BEG AT INTER. OF VAC ALLEY & S ROW LINE BROADWAY ST, TH S 76.75 FT ALONG CENTERLINE OF ALLEY, TH W 40.91 FT, TH N 78.85 FT ALONG PARTY WALL & WALL EXTENDEDTH ELY 40.66 FT ALONG S ROW LINE BROADWAY ST TO POB. --TIF |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,546 |
39,385 |
41,122 |
| Median Age: |
24.9 |
26.58 |
27.36 |
| Households: |
3,318 |
13,808 |
14,461 |
|
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