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311 GRATIOT

$ 197,000
311 GRATIOT,
52
Active

Description

**Excellent Income Opportunity! 2200 Sq Ft Mixed-Use Retail/Office Building with 4 UNITS located on Southbound Gratiot. CORNER LOT WITH GREAT EXPOSURE!! Next to the Clinton River. ALL 4 UNITS ARE CURRENTLY LEASED FOR 1 YEAR; $2375 MONTHLY NET INCOME. 10% Cap rate. Next to the Clinton River!! 10 Parking spaces. Hip Roof. Large lot behind building included. Excellent space for Accountant, Financial Planner or Attorney. Close to county/court buildings & Downtown. Cash, Loan or 1031 Exchange.

Address: 311 GRATIOT
State/County:
Zip: 48043
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Property Id : 24697
Price: $ 197,000
Building size: 1.00 acres
Available Space: 2200 sq.ft.
Assessment: no
Building Area Source: Estimated
Commercial Type: Commercial,Real Estate Only
Construction Materials: Block/Concrete/Masonry,Brick Siding,Composition
County Or Parish: Macomb
Directions: Located On Southbound Gratiot Next to the Clinton River
Directions From EastWest Detail: SOUTHBOUND GRATIOT
DOM: 91
Foundation Details: Slab
Heating: Forced Air
Heating Fuel: Natural Gas
Last Change Type: New
List Office Name: Adlhoch & Associates, REALTORS
Lot Size Dimensions: 60x150
MLS: MiRealSource
MLS Area Major: Mount Clemens
MLS Area Major Number: 03191
MLS Number: 58031388696
Original List Price: 197000.00
Parcel Number: 1114380002
Postal City: Mt. Clemens
Property Type: Commercial
Road Frontage Type: Paved,Pub. Sidewalk
Roof Material: Asphalt
Sewer: Sewer-Sanitary
Short Sale: No
Sqft Source: Estimated
State Equalized Value: 84918.0000
Street Name: GRATIOT
Street Number: 311
Subdivision Name: BUTLERS ADD
Table: Commercial
Tax Amount Summer: 110.0000
Tax Amount Winter: 4944.0000
Tax Legal Description: BUTLERS ADDITION BLOCK 1, LOT 4. L2 P6.
Title: Private - Owned
Total Tax: 5054.0000
Unit One Bed Number Of: 0
Unit Three Bed Number Of: 0
Unit Two Bed Number Of: 0
Water Heater Fuel: Natural Gas
Water Source: Municipal Water
Year Built: 1983
Zoning: Commercial,Other
Customer Comment: Yes
Exclusions: No
Land Contract: No
Publish Sale Price: Yes
Waterfront: No
IDX provided courtesy of Realcomp II Ltd., via Adlhoch & Associates, REALTORS and Realcomp, © 2021 Realcomp II Ltd. Shareholders.

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