$427,000
$460,000
7.2%For more information regarding the value of a property, please contact us for a free consultation.
5,313 SqFt
SOLD DATE : 07/29/2022
Key Details
Sold Price $427,000
Property Type Commercial
Sub Type Business And Real Estate
Listing Status Sold
Purchase Type For Sale
Square Footage 5,313 sqft
Price per Sqft $80
Subdivision City Of Lowell
MLS Listing ID 59022018521
Sold Date 07/29/22
Originating Board Montcalm County Association of REALTORS
Year Built 1890
Annual Tax Amount $5,591
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions 23 x 84
Property Description
Wonderful Downtown Location!! If you are looking to build your portfolio look no further! This fantastic downtown building with many updates. In the last year Historically correct windows have been added to the 3rd floor. Repairs to roof with seams being sealed and a reflective roof coating applied. Non working fire escapes have been removed in lieu of balcony for 3rd floor. All three units have separate metered utilities, each tenant is responsible for their own utilities. AC for unites 2 & 3 have new AC units that are on site but still need to be installed. Unit three is ready for your loving remodel. Its a complete open space ready for your design ideas. Currently has an established separate address. Construction materials (which includes many reclaimed pieces of wood will remain withproperty). First floor is leased until 12.1.2026, Second floor is a month to month lease. Property is currently positive cash flow with only two units. Downtown Lowell is a bustling area with many ot
Location
State MI
County Kent
Area Lowell
Zoning Other
Direction Downtown Lowell on Main St.
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Waterfront no
Roof Type Rubber
Road Frontage Paved
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street
Water 3rd Party Unknown, Public (Municipal), Water at Street
Structure Type Block/Concrete/Masonry,Brick,Stone
Schools
School District Lowell
Others
Tax ID 412002413006
Acceptable Financing Cash, Conventional
Rebuilt Year 2021
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Unknown/Data Share Listings
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