Mixed Use Office Building For Sale

Office for Sale
Catylist Listing ID: 30647507
Property Subtypes: Office Building
Building Size (RSF): 4,116 SF
Gross Building Area: See Agent
Gross Land Area: 0.17 Acres
Sale Price: $189,000
Unit Price: $45.92 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 9/22/2020

Overview / Comments

Unique mixed-use office space located on a corner in the heart of Three Rivers For Sale and Lease. The ~2600 SF office space was formerly a dentist’s office and would be perfect for an insurance office, finance company, or even a real estate office. The 2-bedroom apartment upstairs has its own separate entrance and is a great income generator as a rental. The ~1400 SF apartment rounds out the remaining space in the building totaling over 4000 SF. The sellers have had a lot of success renting the apartment out as an Airbnb and an extended stay executive rental. This distinct property has a ton of character and is located just 2 blocks from downtown. Also, it comes with on and off-street parking and great signage for the area. The main floor office space could also be converted into residential if desired.

Additional Details

Nearest MSA: Sturgis
County: Saint Joseph
Tax ID/APN: 05114503200
Zoning: R-1
Property Located Between: East St and Main
Property Visibility: Good
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1910
Roof Type: Gable
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Radiant
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: Zoned R-2
Lot Frontage: 50
Lot Depth: 148.5
Legal Description: N 50 FT OF LOT 6 BLK 3 CITY OF THREE RIVERS.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,447 11,710 15,060
Median Age: 32.73 36.58 36.66
Households: 1,359 4,535 5,847
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