$310,000
$395,000
21.5%For more information regarding the value of a property, please contact us for a free consultation.
101 N Main Street Scottville, MI 49454
2 Baths
2,286 Sqft Lot
Key Details
Sold Price $310,000
Property Type Commercial
Sub Type Retail/Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 22038465
Full Baths 2
Year Built 1930
Annual Tax Amount $4,124
Tax Year 2022
Lot Size 2,286 Sqft
Property Description
At the main crossroads in downtown Scottville, and minutes from Ludington and Lake Michigan, awaits this exceptional income producing opportunity. Ideal for a business owner or professional. Daily traffic count is 10,000+. Once used as a bank, this historic building now houses 3 newly renovated apartments on the upper floor, and open commercial space in the main floor with multiple potential uses. Upstairs Studio, 2- & 3-Bed Apartments begin new leases in September of 2022 with a total income of $3600/month. Main Floor Commercial space features 1.5 baths, a Kitchenette, a Conference Room, multiple offices, and a main lobby area. Basement features abundant storage space. Most recently used as a business center for multiple tenants. Price is supported by apartment rental income alone.
Location
State MI
County Mason
Area Masonoceanamanistee - O
Interior
Cooling Central Air
Fireplaces Number 1
Exterior
Utilities Available Telephone, Cable Connected, Public Water, Public Sewer, Broadband, Natural Gas Connected, Electricity Available, Natural Gas Available
Waterfront No
View Y/N No
Building
Sewer Public Sewer
Water Public
Structure Type Stone, Brick
New Construction No
Schools
School District Mason Cnty Central
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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