Homes for sale - 1968 S Morey Road, Lake City, MI 49651

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Chollie Houghtaling

chollie@realtorsinmichigan.com +1(248) 764-0614

Listed by Tamara McLeod Helsel • City2Shore Real Estate Northern Michigan

$275,000

Est. payment - /mo

10,000 SqFt

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Key Details

Property Type Commercial

Sub Type Shopping Center

Listing Status Active

Purchase Type For Sale

Square Footage 10,000 sqft

Price per Sqft $27

Subdivision Mi

MLS Listing ID 1937513

Year Built 1980

Lot Size 0.990 Acres

Acres 0.99

Lot Dimensions Irregular

Property Sub-Type Shopping Center

Property Description

Great business opportunity, great location, high traffic counts, and visibility, combined with the great "business climate" in the Lake City area make this a great opportunity. Investors this 10,000 square feet retail building has long term leases in place with established businesses. This commercial building has two many areas with separate entrances and a large shared parking lot. The larger leased space is approx. 6,000 sq. ft. and then the south side is approx. 4,000 sq. ft. Laura's Needful Things in the bigger area located on the north end and then Gamer's Gambit located at the south entrance, both spaces have restrooms and many smaller office options and ample storage. According to MDOT (Michigan Dept. of Transportation), approx. 10,000 vehicles cruise thru Lake City on a daily basis. The plaza's has two other businesses that flanked this space that bring customers as well for foot traffic. The roof has been updated as well. Seller has currently updated all the lights to LED and it much more efficient. There is a new furnace system in the Gamer's Gambit section, as well. Shared well. The current active year to year leases with Gamer's Gambit LLC through February 2024 and Lake City Needful Items through July 2023, both for $1,500 per month installments, plus they pay their own utilities, water and insurance.

Location

State MI

County Missaukee

Zoning Commercial

Rooms

Basement Slab

Interior

Heating Forced Air, Central Air

Cooling Forced Air, Central Air

Exterior

Exterior Feature Aluminum, Brick

Roof Type Membrane

Present Use Office Building,Retail Store

Road Frontage Public Maintained, Blacktop

Total Parking Spaces 30

Building

Sewer Municipal

Water Private Well, Shared Well

Others

Tax ID 009-012-018-85, 018-75

Ownership Private Owner

Acceptable Financing Commercial Loan, Cash, Owner Assist (L/C)

Listing Terms Commercial Loan, Cash, Owner Assist (L/C)

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Chollie Houghtaling

+1(248) 764-0614

Broker | License ID: 431484

Broker License ID: 431484

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1968 S Morey Road Lake City, MI 49651

Chollie Houghtaling

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1968 S Morey Road