$300,000

108 E Center Street

Ithaca MI, 48847

Description

Commercial multi-tenant building located in downtown Ithaca. This building is a main hub of commercial activity in Ithaca. Listed at a 9.25%+ Cap Rate based on previous 3 years financials. New tenant added in November 2019 that pushes the Cap Rate over 10%. Great well maintained building with long history of positive cash flow.

Details

MLS#1868814
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1987
Days On Site118

Features

SQ Feet17,895
Story(s)1
ZoningCommercial

Market Activity 48847

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Area Information

StateMI
CountyGratiot
CityIthaca
Zip Code48847
AreaGratiot
Listing VS Median (in 48847)
Price:
$300,000
low | high
Med:
$114,950
100% of Average
SqFt:
17,895
low | high
Med:
2,074
100% of Average
$ / SqFt:
$17
low | high
Med:
$55
100% of Average
On Site:
118
low | high
Med:
502
23.505976095618% of Average
Listing Updated: 02/16/2020
MLS Number: 1868814
Listing Provided By:
Smith 300000  of  II GEMINI LLC
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Northern Great Lake Realtors® MLS.