Mixed Use Downtown Fremont

Office for Sale
Catylist Listing ID: 30314643
Property Subtypes: Mixed Use
Building Size (RSF): 2,983 SF
Gross Land Area: 0.04 Acres
Sale Price: $139,900
Unit Price: $46.90 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/24/2018

Overview / Comments

Priced below appraised value! This nicely maintained office building on the popular and heavily traveled Main Street of Fremont has a lot to offer! Already move in ready as an attorney's office, title company, accountant, etc...the main floor includes a front reception area, a large office, a smaller office, conference room and file room. Downstairs is finished and includes a large open area, kitchenette and bathroom. The upstairs includes a large, 1487 sq ft apartment space, currently with 2 bedrooms and 2 baths, and 3 additional, large rooms. A local contractor has estimated that this space could be finished for about $50,000. On large, 3 bedroom apartment, or 2 700 sq ft apartments could quickly generate a positive cash flow.

Additional Details

Nearest MSA: Muskegon
County: Newaygo
Submarket Type: Central Business District
Taxing Authority: City of Fremont
Tax ID/APN: 1702226004
Zoning: C-1
Property Located Between: S Division Ave. & S Merchant Ave.
Property Visibility: Excellent
Area Description: Downtown Fremont
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,487 SF
Roof Type: Flat
Construction/Siding: Brick, Wood Frame
Parking Type: Surface
Parking Description: Street & in back of building.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: C-1
Lot Frontage: 19
Lot Depth: 85
Water Service: Municipal
Sewer Type: Municipal
Legal Description: COM 33 FT S & 33 FT E OF INT OFDIV AVE & MAIN ST TH E 55.52 FT TO POB TH E 18.88 FT S 84.93FT W TO PT 60.3 FT E OF E LN DIV AVE N 6.1 FT TO PT 60.28 FTE OF E LN DIV AVE W .34 FT N 5. 6 FT ALG W SIDE PARTY WALL 59. 92 FT TO A PT 59.92 FT E OF E LN DIV AVE W 3.97 FT TO CTR PARTY WALL N 73.23 FT TO BEG BLK 32 EMPIRE CO PLAT OF VILLAGE OF FREMONT, NOW CITY OF FREMONT

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,387 8,196 10,307
Median Age: 40.59 41.58 41.62
Households: 1,407 3,256 3,923

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