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Key Details
Sold Price $90,000
Property Type Commercial
Sub Type Office(s),Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 12,700 sqft
Price per Sqft $7
MLS Listing ID 50265529
Sold Date 11/11/22
Year Built 1986
Annual Tax Amount $2,459
Tax Year 2021
Lot Size 0.760 Acres
Acres 0.76
Property Sub-Type Office(s),Retail
Property Description
Tremendous Visibility Commercial Location. Incredible income machine. Currently $29,900 Annual Rental Income. Approximately $23,000 Net Operating Income with an approximate 25% Rate of Return. This property need a little cosmetic work but has superb potential.
Location
State MI
County Menominee
Area Menominee County
Zoning Commercial
Rooms
Basement Block, None, None / Slab
Interior
Cooling Forced Air, Gas
Exterior
Exterior Feature Aluminum/Steel
Building
Sewer Municipal Water, Municipal Sewer
New Construction N
Schools
School District Menominee
Others
Special Listing Condition Arms Length
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Bought with State Wide Real Estate of MI-WI, Inc.
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