UNIQUE BUILDING ON TRAIL FOR SALE

Office for Sale
Catylist Listing ID: 30381500
Property Subtypes: Medical, Mixed Use, Office Building
Building Size (RSF): 9,100 SF
Gross Land Area: 0.50 Acres
Sale Price: $249,000
Unit Price: $27.36 PSF
Ceiling: 30 ft.
Property Use Type: Vacant/Owner-User, Business
Building Name: Vance's Physical Therapy
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/17/2019

Overview / Comments

Circa 1905, your historic property is waiting for you in 2019! That's just one of many unique characteristics of this Indian River gem with frontage on the community's busiest thoroughfare–just .2 miles from the channel near waterfront eateries and the town's largest marina and a mile from a beach on Michigan's largest artisan well-replete waterway.

The property is a former train station and lumber yard and was transformed into a multi-functional space that was most recently a physical therapy office and private gym. This structurally sound building is laid out with over 7,000 SF on the main floor and approximately 2,000 SF on the mezzanine, which overlooks a must-see beam ceiling, and is divided into two sections.

Along with a PT clinic/gym use, the property has served multiple purposes, as it has a variety of functional spaces. The main floor has a narrow and shortened lap pool previously used for the physical therapy business that once occupied the space. The second floor has been used for shop space, an office, exercise room, and also has a small apartment and four bathrooms with showers.

Geographically, the property sits right on the N Central State Trail path which extends from Grayling to Mackinac City. Because this trail sits directly behind the building, it's been a gathering spot for patrons of marathon and short community races. The parcel is situated near Burt Lake and the Indian River which are part of the Chain of Lakes.

Additional Details

Nearest MSA: Sturgis
County: Cheboygan
Taxing Authority: Cheboygan
Tax ID/APN: 161-M55-033-002-00
Zoning: VC-IR VILLAGE CENTER-INDIAN RIVER
Property Located Between: Near M-68 & S Straits Hwy Intersection
Property Visibility: Excellent
Highway Access: Less than one mile from I-75
Site Description: The property is a former train station and lumber yard and was transformed into a multi-functional space that was most recently a physical therapy office and private gym. This structurally sound building is laid out with over 7,000 SF on the main floor and approximately 2,000 SF on the mezzanine, which overlooks a must-see beam ceiling, and is divided into two sections.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1905
Construction/Siding: Metal Siding
Exterior Description: Metal roof and siding. Roof has two layers of metal roofing for insulation purposes.
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity, Natural Gas, Space Heaters
Heat Source: Central
Interior Description: Original wood beam vaulted center with mezzanines flanking former rail-car loading area. Several restrooms.
Zoning Description: Commercial Improved 201

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,350 5,563
Median Age: 49.39 48.61
Households: 1,068 2,436

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