MI > Ray > Mi
Ray, MI 48096,21710 29 Mile Road
Ray, MI 48096,21710 29 Mile Road
Ray, MI 48096,21710 29 Mile Road
Ray, MI 48096,21710 29 Mile Road
Ray, MI 48096,21710 29 Mile Road
Ray, MI 48096,21710 29 Mile Road
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David Godin

David Godin

+1(586) 416-0600
$ 375,000
Est. payment | /mo

3,752 SqFt

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$ 375,000
Est. payment | /mo
Save Virtual Tour

3,752 SqFt

Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 3,752 sqft

Price per Sqft $99

Subdivision Mi

MLS Listing ID 50182364

Year Built 1942

Annual Tax Amount $1,853

Lot Size 0.650 Acres

Acres 0.65

Lot Dimensions 144 X 187 X 27 X 223

Property Sub-Type Commercial/Industrial

Property Description

Welcome to this fantastic investment opportunity in a prime location! This 2-story 3 unit building features two spacious apartments upstairs, each 938 sqft with 2 bedrooms and 1 bath. The lower level is 1876 sqft currently being used as living quarters but can be reverted back to business use as store, retail, office and more, offering endless possibilities for additional income streams. Each unit provides a private entrance. Located in an area with high traffic counts and high visibility. This property is perfect for entrepreneurs looking to establish a business in a prime community. The apartments provide a steady rental income, making this property a lucrative investment for any savvy investor. CAP RATE 8% or more (current rent is well below area average). Land contract available. Huge lot would allow plenty of space for expansion. Will consider all reasonable offers!

Location

State MI

County Macomb

Area Ray Twp (50005)

Zoning Commercial

Interior

Heating Forced Air

Cooling Central A/C, HVAC

Exterior

Parking Features 6-10 Spaces

Roof Type Metal

Building

Foundation Slab

Water Private Well

Structure Type Concrete/Block

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional,Land Contract

Virtual Tour https://tours.cozycornermedia.com/idx/248694

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Century 21 Professionals
David Godin

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(586) 416-0600

davidgodin@hotmail.com

101 W Big Beaver Rd, Troy, MI, 48084, USA

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21710 29 Mile Road