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Listed by Marie A Leathers • Keller Williams Northern Michigan
$ 150,000
Est. payment /mo
New
2433 N Main Street Central Lake, MI 49622
2,685 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,685 sqft
Price per Sqft $55
MLS Listing ID 1939839
Year Built 1920
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 25 x 100
Property Sub-Type Mixed Use
Property Description
Presenting a prime commercial real estate opportunity with a built-in income stream and exceptional upside potential. This unique offering features a versatile street-level commercial space and two fully-occupied residential apartments above, located in the heart of Central Lake. The ground-floor commercial space is a testament to its long-standing success as a hair salon, with a strong legacy and a team of stylists who are integral to its operations and who are eager to continue under new management. This presents a rare "walk-in and go" business opportunity, with a built-in staff and customer base. The space's versatility, however, is its greatest asset, easily convertible to a variety of other uses, including professional offices, a welcoming coffee shop, or a vibrant retail store. The property's residential component is a key asset, featuring two apartments currently occupied by long-term, stable tenants who wish to remain in the building. This provides a consistent and reliable rental income stream from day one, helping to offset ownership costs and increase the property's overall return. While the building is a charming, historic structure and is currently generating income, it is being offered as-is and is in need of some repair and updating. This presents a unique value-add opportunity for a savvy investor or a visionary owner to renovate and revitalize the property, enhancing its value and unlocking its full potential. This is a rare find for a buyer who can appreciate a property with both immediate income and substantial upside. Whether you're an investor looking to start a new project or an entrepreneur ready to capitalize on a prime location, this listing offers a strategic path to profitability and growth.
Location
State MI
County Antrim
Zoning Other
Rooms
Basement Slab
Interior
Heating Forced Air, Wall
Cooling Forced Air, Wall
Exterior
Exterior Feature Brick
Roof Type Membrane
Present Use Service
Road Frontage Public Maintained, Blacktop
Total Parking Spaces 2
Building
Sewer Municipal
Water Municipal Water
Others
Tax ID 05-42-090-021-00
Ownership Private Owner
Acceptable Financing Conventional Mortgage, Cash
Listing Terms Conventional Mortgage, Cash
