$37,000

Active with Offer

Listed by Northern Michigan Land Brokers

Description

Historic downtown Wakefield building located next to the FNB of Wakefield on the main street of town. Currently doing business as the Rug Merchant, and formerly Sydella's Dress Shop. The first floor consists of three walled off areas and a bathroom, and is perfect for a small business. The second story consists of two, two-bedroom apartments. The front apartment has four rooms and the back apartments has five rooms. There is front and rear stair fire escape access. Great rental history with both units currently occupied. The building has new electrical service throughout, a newer natural gas furnace, stair railings, new soffits and facia, and new hot water heaters. Tenants pay own utilities except heat. Run your own business on the first floor level, or lease that out as well. The property has a one car garage located in the back with the entrance off Hancock Street. Good investment opportunity.

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Property Details

Features Commercial

Type: Comm Bldg/No Business Year Built: 1900
Waterfront: N Est Water Front Ft: 0.0
Total Bldg Sq Ft: 3,120 Body of Water
Municipality: Wakefield C Area: Wakefield C
Acreage: 0.2

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Listing History

Date Event Change
Aug 24 2020 9:08PM Status Change Active w/Contract
Jun 4 2020 9:52AM Price Change $37,000

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