$1,070,000
$1,200,000
10.8%For more information regarding the value of a property, please contact us for a free consultation.
46,458 SqFt
SOLD DATE : 03/20/2023
Key Details
Sold Price $1,070,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 46,458 sqft
Price per Sqft $23
MLS Listing ID 66023008033
Sold Date 03/20/23
Originating Board Greater Kalamazoo Association of REALTORS®
Year Built 1984
Annual Tax Amount $28,828
Lot Size 3.530 Acres
Acres 3.53
Lot Dimensions Irregular
Property Description
Prominently located on high trafficked M-89 Highway in Plainwell, this stabilized asset in turn-key for any passive investor, with long-term upside. Salvation Army has been a tenant for 15 Years, and just executed an 8 Year lease in May 2017. Excellent current cash flows, with a value add play long-term.
Location
State MI
County Allegan
Area Otsego Twp
Zoning Other
Direction Located on M-89 between Joyce and Oaks Crossing
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Pool No
Roof Type Other
Road Frontage Paved
Building
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street
Water 3rd Party Unknown, Public (Municipal), Water at Street
Structure Type Block/Concrete/Masonry
Schools
School District Otsego
Others
Tax ID 1702407400
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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