107 S MAIN Street $1,575,000

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    107 S MAIN Street Almont, MI 48003

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

    $1,575,000

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    Days On Market: 161 11 Views
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    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
    • BuildingFeatures
      • 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

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    Market Last 30 Days

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    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

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