For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings

142 Center St Ithaca, MI 48847

Loading data...
Loading data...
Loading data...
For Sale
$214,900

High-income potential, versatile space.

Property size:
5,198 SF

Property Features for 142 Center St

General Information

Property type
Industrial properties
Square Feet
5,198 SF
Lot Size
5,663 SF

Building Details

Year Built
1919

We can help!

Listing Contact
Jeff Glover

Listing Agency: Keller Williams Professionals Listing Agent: Jeff Glover

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

Learn more

Property Insight Report

Overview

This 5,198 sq ft, three-story industrial building in Ithaca, MI, presents a compelling investment opportunity. Situated on a 0.13-acre lot with high daily traffic (approximately 7,000 cars), the property currently generates a combined monthly rental income of $1,025 from two tenants. The ground floor previously housed a fully equipped restaurant (118-seat capacity, two bathrooms) and a two-room office with a bathroom, each generating approximately $400 in monthly rent. The second floor includes a one-bedroom, one-bathroom residential unit ($625/month) and a tie-dye studio with a bathroom ($400/month). A former photo studio occupies the third floor, generating $200/month in rent. All tenants are on month-to-month leases, offering flexibility for future income growth. The property benefits from recent upgrades, including a new AC unit upstairs (2024) and a new furnace downstairs (2024). Estimated annual property taxes are $3,500. This multi-use building offers significant potential for investors and entrepreneurs alike, with the possibility of adding three additional tenants. The building's diverse layout and prime location make it an attractive proposition in a bustling area.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Daric's Barber Shop Barber Shop Captured Memories by ... (Bike/Boat/Book/etc) Store Wagon Wheel Cafe Restaurant

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Ithaca
County
Gratiot
State
Michigan
Longitude
-84.60638
Latitude
43.29138

FAQs

What type of property is this?
Industrial property - High-income potential, versatile space.
Where is this industrial property located?
The property is located at 142 Center St Ithaca, MI.
What is the asking price?
The asking price for this property is $214,900.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message