2370 M-137

Interlochen MI, 49643


Wonderful Investment Opportunity - 3 Buildings zoned "mixed use"- all can be used for commercial or residential purposes. Two of the buildings are on high traffic M-137, a perfect spot for a multitude of businesses and the third is directly behind on W. Railroad Past successful businesses included a boutique, florist, law office and massage therapist. Could open a business live in one of the other structures and make rental income off the third. The Business includes 3 structures: 1. Building One is approximately 1102 sq ft and is situated directly on M-137 - just renovated.Would make an excellent store front but also has a bathroom, full kitchen, 2 bedrooms & washer and dryer, could be a residential rental or a home for someone who wanted to run a business out of their home. Currently used as a residential rental receiving $10,200 per year 2. "Building Two"is also directly on M-137; is approximately 675 sq ft. This building has an excellent rental history. It is currently used as a residential rental but could easily be converted into a retail shop or art gallery. 2 bdrs, 1 bath. Currently residential rental receiving $9000 per year. 3. "Building Three" is directly behind the other two with frontage on West Railroad Rd. This building also has an excellent rental history, currently a residential rental (but also zoned commercial). 1150 sq ft, 3 bdrs, 1 bath. Large attached Pole barn/garage with high ceiling and metal roof; garage has been rented separately from house as a resale shop & storage unit. There are gardens on the grounds and a potting shed with greenhouse roof - used for potting and creating floral arrangements for resale. Currently residential rental receiving $11,400 per year. Could rent pole barn out for an approx an additional $4800 per year. The possibilities are endless with the "one of a kind" opportunity. Only 1 mile from Interlochen Center for the Arts & 13 miles to Traverse City!


Listing TypeFor Sale
Days On Site502


SQ Feet2,755

Market Activity 49643

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Area Information

CountyGrand Traverse
Zip Code49643
AreaGrand Traverse
Listing VS Median (in 49643)
low | high
100% of Average
low | high
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$ / SqFt:
low | high
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On Site:
low | high
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Listing Updated: 02/16/2020
MLS Number: 1823584
Listing Provided By:
McAllister 320000  of  BOUWMAN REALTY GROUP
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