114 S Main Street

Eaton Rapids, MI 48827 / None

MLS ID# 251039 Active
Income

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$399,900

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• Description
• Contract Info
• Location & Legal Info
• General Property Info
• Tax Info
• Compensation Info
• Details

Description

Terrific income opportunity in Eaton Rapids! This sale includes two historic buildings in the heart of the city with retail space and updated apartments, and better yet, all units are currently leased for the new owner to walk in and take over the current cash flow. The long standing retailer, Family Dollar, leases the 114 S Main in addition to the first floor of 110 S Main for storage. Above Family Dollar is over 6,000 soft of unfinished potential. This area was used as additional apartments. Dust off the cobwebs and let your imagination fill this space with endless possibilities for additional income. Beautiful, remodeled apartments fill out the 2nd and 3rd floors of 110 S Main. Both features updated kitchens/baths/flooring. This is a great oppertunity to own a piece of the Island City! Terrific income opportunity in Eaton Rapids! This sale includes two historic buildings in the heart of the city with retail space and updated apartments, and better yet, all units are currently leased for the new owner to walk in and take over the c... show more

Contract Info

• Status Active

Location & Legal Info

• Street # 114
• Street Direction S
• Street Name Main
• Suffix Street
• City Eaton Rapids
• State MI
• Zip Code 48827
• Zip +4 1068
• School District Eaton Rapids
• Key call
• TownshipTax Authority Eaton Rapids City
• County Eaton
• Subdivision None
• Legal S 2/3 OF LOT 4 & N 1/3 OF LOT 5. BLOCK 2, O.P. CITY OF EATON RAPIDS. 3-20-06 D.D.A. SPLIT FROM 300-000-602-050-00 & 300-000-602-045-00 FOR 2007.
• Directions Main Street Eaton Rapids

General Property Info

• Property Sub-Type Income
• Building 1 Description Retail space - Family Dollar
• Building 2 Description 110 S. Main Street
• # of Units 3
• Year Built 1905
• Foundation Size 0
• RR Siding No
• Sprinkler No
• Spec Sheet Available Yes
• Environmental Audit No
• Environmental Discl No
• Survey Available No
• Lot Dimensions undefinedxundefined
• Lot Acres 0.12
• ECO Friendly Features No

Tax Info

• State Eq Value 73600
• Taxes 4200
• Tax Year 2020
• Parcel # 23-300-000-602-045-01
• Taxable Value 73600
• Zoning Commercial

Compensation Info

• Sub Agency Fee 0
• Broker Agency Fee 0
• Other Fee 0
• Other Fee Type $

Details

• Current Use

  Residence , Retail

• Appliances

  Gas Water Heater

• Exterior

  Brick

• Driveway

  No Driveway

• Sewer

  Public Sewer

• Roof

  Other

• Attached

  false

• Heating

  Forced Air , Natural Gas

• Land & Acreage

  Up to 1/4 Acre

• Terms

  Cash , Conventional