$555,000
$555,000
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7,496 SqFt
SOLD DATE : 07/26/2023
Key Details
Sold Price $555,000
Property Type Commercial
Sub Type Real Estate Only
Listing Status Sold
Purchase Type For Sale
Square Footage 7,496 sqft
Price per Sqft $74
MLS Listing ID 56050113244
Sold Date 07/26/23
Originating Board Lenawee County Association of REALTORS®
Year Built 1970
Annual Tax Amount $7,200
Lot Size 0.360 Acres
Acres 0.36
Lot Dimensions 80x199x198x77
Property Description
With nearly 12,000 sq ft of space, this is a great investment opportunity. Centrally located in downtown Tecumseh. Nearly 90% occupied and CAP rate is 8.1%. Many new updates: including new roof in October 2022 along with updated windows, siding, hot water heater, appliances in apartment, furnaces and central air unit. Several additional amenities which include onsite parking lot space (15-20 spaces), space for retail, offices, approx. 6,000 sq ft warehouse, and spacious 2 bedroom apartment.
Location
State MI
County Lenawee
Area Tecumseh
Zoning Commercial
Interior
Hot Water Natural Gas
Heating Forced Air, Central Air
Heat Source Natural Gas
Exterior
Utilities Available Smoke Alarm
Waterfront no
Roof Type Shingle
Road Frontage Paved
Building
Foundation Slab, Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick,Metal Siding,Vinyl
Schools
School District Tecumseh
Others
Tax ID XT0000058100
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional, Double Net Lease
Listing Terms Cash, Conventional, Double Net Lease
Financing Cash,Conventional,Double Net Lease
Special Listing Condition Full Service
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Bought with The Wagley Group
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280 North Old Woodward Avenue, Suite 100, Birmingham, MI, 48009, United States