Investment Opportunity
Retail-Commercial
for Sale
| Catylist Listing ID: |
30835908 |
| Property Subtypes: |
Street Retail
|
| Building Status: |
Proposed |
| Building Size (RSF): |
7,800 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.26 Acres
|
| Sale Price: |
$339,000 |
| Unit Price: |
$43.46 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/7/2023 |
Overview / Comments
|
Fantastic investment opportunity on a highly visible corner lot in a prime area of Downtown Cheboygan. This property has a ton of character and features two retail spaces, four 1bed/1ba apartments, a warehouse space, and private parking off the rear of the building.
|
Additional Details
| Nearest MSA: |
Alpena |
| County: |
Cheboygan |
| Submarket Type: |
Central Business District |
| Tax ID/APN: |
054-B01-002-010-00 |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation |
| Property Visibility: |
Excellent |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Year Built: |
1880 |
| Parking Type: |
Surface |
| Heat Type: |
Natural Gas |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,044 |
6,319 |
7,182 |
| Median Age: |
40.43 |
42.83 |
43.09 |
| Households: |
872 |
2,654 |
3,007 |
|
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|
