2,940 SF Retail Space for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30532676
Property Subtypes: Mixed Use, Street Retail
Building Size (RSF): 2,940 SF
Gross Building Area: See Agent
Sale Price: $54,900
Unit Price: $18.67 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/19/2019

Overview / Comments

Investment opportunity with strong primary tenant! This 2 story downtown building in the village of Colon comes with a 2 year lease with stable tenant, immediate cash flow and upstairs that that can be converted to apartment for additional revenue. Main level interior has been updated with newer bathroom, rear windows, conference room, work room and has newer Lennox furnace/air conditioning and on-demand water heater. Also has EPDM rubber membrane roof with 1/2 polystyrene foam insulation base less than 10 years old and warranty is transferable covering materials and labor.

Contact listing agent David Persons for more information. (269) 625-2734 | e: davidpersons@bhhsmi.com

Additional Details

Nearest MSA: Sturgis
County: Saint Joseph
Tax ID/APN: 7504118001800
Zoning: COMMERCIAL
Tenancy: Single Tenant

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,561 8,103
Median Age: 40.24 40.07
Households: 1,014 3,033
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