107 S Main Street

    Almont Vlg, MI 48003
    • $1,499,000
    • STATUS: Active
    • ON SITE: 248 days
    • MLS #: 218118313
    UPDATED: 6 min ago
    $1,499,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,000
      SQFT
    • $167
      $/SQFT
    Type:
    Commercial
    Built:
    1999
    County:
    Area:
    Zoning:
    Commercial
    Lot Size Dimensions:
    40 X 132

    School Ratings & Info

    School District:

    Description

    Commercial 2-Story, 9,000 sq ft building (C-1), located in high-traffic corner of growing Village of Almont. Lower unit is leased to a very popular restaurant. Upper unit can accommodate one tenant or be divided to meet the needs of multiple units (100-3000 sq. ft.). Potential 6% cap rate once fully leased. Municipal parking in the rear of the building. Access to second floor at front and rear entrances, building also has an elevator. Seller is offering land contract terms for building/real estate ($500,000 down, 7%, $7000/mo. 7 years, $881,000 balloon). Current tenant lease and financials are available with proof of funds.

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    Copyright 2019 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The John Wentworth Group are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2019-08-21T14:01:29.003.
    www.johnwentworthgroup.com/homes/90096668

    107 S Main Street Almont Vlg, MI 48003

    • Price: $1,499,000
    • Status: Active
    • Updated: 6 min ago
    • MLS #: 218118313
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    9,000
    SQFT
    $167
    $/SQFT
    1999
    Built
    Neighborhood:
    Village Of Almont Original Town Of Newburgh
    County:
    Lapeer
    Area:
    Almont Vlg
    School District:
    ALMONT
    Property Description
    Commercial 2-Story, 9,000 sq ft building (C-1), located in high-traffic corner of growing Village of Almont. Lower unit is leased to a very popular restaurant. Upper unit can accommodate one tenant or be divided to meet the needs of multiple units (100-3000 sq. ft.). Potential 6% cap rate once fully leased. Municipal parking in the rear of the building. Access to second floor at front and rear entrances, building also has an elevator. Seller is offering land contract terms for building/real estate ($500,000 down, 7%, $7000/mo. 7 years, $881,000 balloon). Current tenant lease and financials are available with proof of funds.
    Exterior Features

    Architecture Level 2 Story Commercial Exterior Features Doors Under 10 Ft Construction Materials Brick Foundation Details Slab Foundation Materials BlockBrick Lot Size Dimensions 40 X 132 Road Frontage Feet 40 Road Frontage Type Paved Roof Material Rubber Waterfront YN No

    Interior Features

    Commercial Utilities 220V AvailableCable TvElevator Heating Cooling Forced Air Heating Fuel Natural Gas Office Heating Cooling Central Air Room Count 0 Sq Ft Main 9000 Sq Ft Office 3500 Sq Ft Source Prd

    Property Features

    Apod Available YN Yes Assessment 0 Business Type MedicalOfficeRetailService Commercial Type CommercialReal Estate Only Current Use Restaurant Deposit Amount 500000.00 Encroachment YN No Exclusions YN No Gross Scheduled Income 0.00 Land Contract YN Yes Land Interest Rate 7 Land Payment 7000 Land Terms 84 Listing Financing CashConventionalLand Contract Monthly Sales 0 Net Operating Income 0.00 Operating Expense 0.00 Ownership Status Private OwnedShort Sale - No Percent Leased 50 Possession Immediate Postal City Almont Protection Period 6 Months Settlement Village Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 4418.0000 Tax Amount Winter 6106.0000 Title Private - Owned Total Tax 10524.0000 Unparsed Address 107 S MAIN ST Water Source Municipal Water Zoning Commercial

    IDX provided courtesy of Realcomp II Ltd., via Re/Max Nexus and Realcomp, ©2019 Realcomp II Ltd. Shareholders.


    Copyright 2019 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The John Wentworth Group are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2019-08-21T14:01:29.003.
     
    The John Wentworth Group
    2325 W Shiawassee Ave, Suite 204
    Fenton MI, 48430