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Additional details
$ 150,000
Est. payment /mo
Active
2433 N Main ST Central Lake, MI 49622
2,685 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,685 sqft
Price per Sqft $55
Subdivision Central Lake
MLS Listing ID 78080061607
Year Built 1920
Lot Size 2,613 Sqft
Acres 0.06
Property Description
Presenting a prime commercial real estate opportunity with a built-in income stream and exceptional upside potential. This unique offering features a versatile street-level commercial space and two fully-occupied residential apartments above, located in the heart of Central Lake. The ground-floor commercial space is a testament to its long-standing success as a hair salon, with a strong legacy and a team of stylists who are integral to its operations and who are eager to continue under new management. This presents a rare "walk-in and go" business opportunity, with a built-in staff and customer base. The space's versatility, however, is its greatest asset, easily convertible to a variety of other uses, including professional offices, a welcoming coffee shop, or a vibrant retail store. The property's residential component is a key asset, featuring two apartments currently occupied by long-term, stable tenants who wish to remain in the building. This provides a consistent and reliable rental income stream from day one, helping to offset ownership costs and increase the property's overall return. While the building is a charming, historic structure and is currently generating income, it is being offered as-is and is in need of some repair and updating. This presents a unique value-add opportunity for a savvy investor or a visionary owner to renovate and revitalize the property, enhancing its value and unlocking its full potential. This is a rare find for a buyer who can appreciate a property with both immediate income and substantial upside. Whether you're an investor looking to start a new project or an entrepreneur ready to capitalize on a prime location, this listing offers a strategic path to profitability and growth.
Location
State MI
County Antrim
Area Area88031Centrallaketwp
Interior
Heating ForcedAir, NaturalGas
Exterior
Parking Features Assigned2Spaces, Other
Utilities Available NaturalGasConnected
View Y/N No
Building
Foundation Slab
Sewer PublicSewer
Water Public
New Construction No
Schools
High Schools Centrallake
School District Centrallake
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition Standard
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Listed by Marie A Leathers of Lakeside Properties Real Estate