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Mason,MI 48854
Key Details
Property Type Commercial
Sub Type Commercial Sale
Listing Status Active
Purchase Type For Sale
MLS Listing ID 288610
Annual Tax Amount $5,487
Tax Year 2024
Property Sub-Type Commercial Sale
Property Description
WOW! What a great investment opportunity downtown Mason in the Historical District! Potential DDA Grant Money available for Esthetic and Structural improvements & Ingham County Housing Commission grant money to improve rental units. Buyer to do own research on what's available. New roof on front building 2022, rear building roof new 2023. Newer windows. Building total square footage is 4,204. First level of the building is a 1,452 sq ft retail space that is currently occupied with a month-to-month flower shop tenant, full basement for storage for retail unit. Back of the building is a 1,300 sq. ft warehouse with basement space, not under any lease. The second level of the building is 1,452 sq ft and holds 3 rental units. Unit A: Vacant, 1 bed 1 bath with potential rental rate of $700+. Unit B: Occupied Efficiency unit, 0 bed, 1 bath on one year lease through 4/26 at $550/mo, landlord pays utilities. Unit C: Vacant, 2 bed 1 bath with potential rental rate of $800+/mo. Seller willing to finish certain electrical upgrades with full price offer
Location
State MI
County Ingham
Interior
Heating Electric,Forced Air,Natural Gas
Cooling Central Air
Flooring Carpet,Hardwood,Varies
Laundry None
Exterior
Parking Features On Street,Unassigned
Fence None
Utilities Available Water Connected,Sewer Connected
Waterfront Description false
View Y/N No
Roof Type Flat
Building
Story 2
Foundation Brick/Mortar
Sewer Public Sewer
Schools
High Schools Mason
School District Mason
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional