110 E B St - Office/Residential FOR SALE


Iron Mountain, MI 49801
$248,000 USD
906-482-0001
110 E B St, Iron Mountain, MI for Sale
$248,000 USD
Office/Residential - FOR SALE
1/82
null | Request Cap Rate

110 E B St
Iron Mountain, MI 49801


HIGHLIGHTS

  • Positioned just off Stephenson Avenue, near banks, restaurants, retail, and the Iron Mountain Welcome Center
  • Features a reception area, five private offices, two restrooms, and a breakroom
  • Upper level offers 10 rooms with potential for additional office space or residential use

OVERVIEW

Commercial building located just off of Stephenson Ave and near other businesses including banks, restaurants, retail and the Iron Mountain Welcome Center. The main floor has been updated and the floor plan includes reception area, 5 private offices, 2 restrooms and breakroom. The upper level has much potential for your investment to improve as additional office space or potential residential use. The upper level has 10 rooms, some being inter-connected, and a restroom. Central air conditioning services the main level only. Roof is a rubber roof. There is a full basement and one heating system for the entire building. Buyers are encouraged to research possible grant program opportunities with the Michigan Economic Development Corporation (MEDC) for mixed use buildings in downtowns (if considering residential use on the second floor. https://www.michiganbusiness.org/services/mcrp. Buyers may also contact the City of Iron Mountain regarding possible qualification for a tax abatement program that may be applicable https://www.cityofironmountain.com/551/Commercial-Rehabilitation-Act. NOTICE: All information believed accurate but not warranted. Buyer recommended to inspect &verify all aspects of the property & bears all risks for any inaccuracies including but not limited to estimated acreage, lot size, square footage, utilities (availability & costs associated). Real estate taxes are subject to change (possibly significant), property will be reassessed by the municipality after sale is completed & buyer should NOT assume that buyer’s tax bills will be similar to the seller’s current tax bills. Taxes are not zero. Sellers may have audio/video recording devices present on property and buyers and agents consent to being recorded by entering property. OFFERS: 72 hours response time requested on offers. Seller, at seller's sole discretion, with or without notice, reserves the right to set and/or modify offer submission & response deadlines.

FOR SALE DETAILS

PRICE

$248,000 USD

PRICE/SF

$56 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,505 SF

ZONING

B2

APN/PARCEL ID

051-100-467-00

ASK ABOUT THIS PROPERTY

Kristine Jukuri WeidnerCentury 21 North Country AgencyMore Info
906-482-0001

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Kristine Jukuri WeidnerCentury 21 North Country AgencyMore Info
906-482-0001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.