Bought with Non Member Office • NON-MLS MEMBER OFFICE
$165,000
$175,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
131 W Superior Street Alma, MI 48801
1,280 SqFt
Key Details
Sold Price $165,000
Property Type Commercial
Sub Type Retail/Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 1,280 sqft
Price per Sqft $128
Subdivision Mi
MLS Listing ID 1906377
Sold Date 12/21/22
Year Built 2007
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 80 x 122
Property Sub-Type Retail/Commercial
Property Description
Investment opportunity awaits! Built in 2007, this investment property is almost new and has great curb appeal in downtown alma. Property has several onsite parking spaces in the wrap around parking lot on this corner lot. CURRENTLY LEASED OUT WITH AN ATTRACTIVE LEASE THROUGH MAY 31st 2024. Lease also has options to renew after that time. Cap rate is around 8%.
Location
State MI
County Gratiot
Zoning Commercial
Rooms
Basement Slab
Interior
Heating Forced Air, Central Air
Cooling Forced Air, Central Air
Exterior
Exterior Feature Brick, Block
Roof Type Membrane
Present Use Retail Store
Road Frontage Public Maintained
Building
Sewer Municipal
Water Municipal Water
Others
Tax ID 51 031 035 00
Ownership Private Owner
Acceptable Financing Conventional Mortgage, Commercial Loan, Cash
Listing Terms Conventional Mortgage, Commercial Loan, Cash
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