Bought with Faydette L Fitch • Century 21 Northland-Frankfort
$385,000
$395,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
703 Frankfort Avenue Elberta, MI 49628
5,395 SqFt
Key Details
Sold Price $385,000
Property Type Commercial
Sub Type Retail/Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 5,395 sqft
Price per Sqft $71
MLS Listing ID 1846206
Sold Date 11/17/22
Year Built 1863
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 75 X 115,7
Property Sub-Type Retail/Commercial
Property Description
M 22, the iconic Michigan Highway and the Betsie Valley Trailhead location. Great income opportunity. Commercial building located in beautiful downtown Elberta, Michigan. This building has been completely renovated and has a 98% rental success rate. Now occupied are the three rental apartments upstairs the two vacant commercial spaces on the street level have endless opportunity. The four car garage on the south corner of the property is leased individually and fully occupied.
Location
State MI
County Benzie
Zoning Residential,Retail,Commercial
Rooms
Basement Slab
Interior
Heating Forced Air, Hot Water, Central Air
Cooling Forced Air, Hot Water, Central Air
Exterior
Exterior Feature Vinyl
Roof Type Membrane,Metal
Present Use Other
Road Frontage Public Maintained, Blacktop
Building
Sewer Municipal
Water Municipal Water
Others
Tax ID 10-06-501-094-00
Ownership Private Owner
Acceptable Financing Conventional Mortgage, Commercial Loan, Cash, 1031 Exchange
Listing Terms Conventional Mortgage, Commercial Loan, Cash, 1031 Exchange
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