2370 M-137
Interlochen, MI 49643

Description

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!

Details

MLS#1823584
StyleIndustrial
Sub-TypeResale
StatusActive
Year1975
Days On Site205

Features

SQ Feet2,755
Story(s)1
ZoningCommercial

Market Activity 49643

Loading Form

Loading Form

Area Information

StateMI
CountyGrand Traverse
CityInterlochen
Zip Code49643
AreaGrand Traverse
Listing VS Median (in 49643)
Price:
$320,000
low | high
Med:
$155,000
100% of Average
SqFt:
2,755
low | high
Med:
1,250
100% of Average
$ / SqFt:
$116
low | high
Med:
$129
38.698653418618% of Average
On Site:
205
low | high
Med:
83
100% of Average
Listing Updated: 04/25/2019
MLS Number: 1823584
Listing Provided By:
McAllister 320000  of  BOUWMAN REALTY GROUP
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.