107 S MAIN Street $1,575,000

    Close

    107 S MAIN Street Almont, MI 48003

    • 9,000 sq.ft.
    • 0.12 Acres
    • Commercial
    MLS# 218118313 | Active

    $1,575,000

    Request Info
    Days On Market: 126 6 Views
    Add to Favorites Share

    Go Tour This Home

    Schedule A Showing

    Property Details

    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.

    • General Features
      • County Or Parish Lapeer
      • Settlement Village
      • Subdivision VILLAGE OF ALMONT ORIGINAL TOWN OF NEWBURGH
      • Commercial Type Commercial
      • Business Type Medical, Office, Retail, Service
      • Current Use Restaurant
      • Lot Size Area 0.12
      • Zoning Commercial
      • Ownership Status Private Owned, Short Sale - No
      • Originating MLS Realcomp II Ltd
      • Year Built 1999
      • Sqft Total 9,000
      • Operating Expense $0
      • Net Operating Expense $0
      • Gross Scheduled Income $0
      • Tax Amount - Summer 4418.0000
      • Tax Amount - Winter 6106.0000
    • Building Features
      • Foundation Details Slab
      • Construction Materials Brick
      • Sqft Office 3,500
      • Office Heating Central Air
    • Property Features
      • Commercial Utilities 220V Available, Cable TV, Elevator
      • Road Frontage Type Paved
      • Frontage Feet 40
      • Lot Size Dimensions 40 x 132
      • Water Source Municipal Water
      • Sewer Sewer-Sanitary
    • Schools
      • School District Almont

    Contact

    Kevin Plaskon

    Sales Associate

    RE/MAX First

    Direct: 586-792-8000

    Neighborhood

    48003 (Almont) Demographics

    43Median Age
    183Population Density (per sq. mile)
    27%College Educated
    $60,269 Estimated Median Income
    1,958Estimated Total Home Owners
    323Estimated Total Renters
    86% / 14%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    6,035Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $386,000 Median Sales Price
    1 Homes Sold
    24 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,575,000
        12/15/2018 12:42:00 AM New in Database Source

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        $0
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        Listing information is provided through IDX through RealComp II Ltd. All information is deemed reliable but is not guaranteed. IDX information is provided exclusively for 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. Copyright 2019 Realcomp II Ltd. Shareholders.