211 S Crapo St - Medical FOR SALE
Mount Pleasant, MI 48858 |
$1,358,862 USD
866-889-0550
211 S Crapo St
Mount Pleasant, MI 48858
HIGHLIGHTS
- Immediate Rental Upside: The property offers significant potential for rent increases, as current rents are below market rates.
- Stable and Predictable Cash Flow: With NNN leases, tenants are responsible for paying property taxes, insurance, and maintenance costs
- Minimal Vacancy Risk: Medical tenants are less likely to vacate compared to other types of tenants due to the specialized nature of their spaces
- Reduced Vacancy Risk: Staggered leases ensure that not all tenants renew or vacate at the same time, which helps reduce the risk of significant vacanc
FOR SALE DETAILS
PRICE
$1,358,862 USD
PRICE/SF
$68 USD /SF
CAP RATE
8.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
211 S CRAPO MEDICAL SUITES
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1977
SPRINKLERS
-
PARKING SPACES
130
LAND DETAILS
LAND ACRES
2.23 AC
LAND SF
97,139 SF
ZONING
commercial
APN/PARCEL ID
17-000-12-620-00
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