10300 W Howard City-Edmore, Lakeview, MI 48850
- $475,000
- 3
- BA
- List Price
- $475,000
- Days on Market
- 31
- MLS#
- 26037049
- Status
- ACTIVE
- Type
- Commercial
- Bathrooms
- 3
- Full-baths
- 3
Property Description
In today's economy choose the wise investment of land - supply and demand- it is the one thing no one can make more of! With an annual Net operating income of nearly $30k and a guaranteed ROI over 6% for the next 5 years- this property leased until 12/31/31, by the State of Michigan, with expanding opportunities as urban sprawl continues and the village of Lakeview (less than 2 miles away) begins to outgrow its borders. Zoned R-R with commercial approval who is to say how high the generated income on this property could go? Take consideration and do not let these dollars pass you by. Square Footage: 6,068 sq ft Valuation calculated by historical purchase price x inflation and investment alongside the current SEV and current lease rents totaling $203,884.80 All information believed to be accurate however, not guaranteed. Buyer and Buyer's agent responsible to verify.
Additional Information
- Taxes
- $63,502
- Acres
- 2.56
- Heating
- Forced Air
- Roofing
- Metal
- School District
- Lakeview
- Sewer
- Septic Tank
- Total Parking Spaces
- 34
- Utilities
- Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Cable Available
- Water
- Well
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Listing courtesy of Listing Agent: Tenneil Lemmen from Listing Office: Keller Williams GR North.
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