Downtown Retail and Office
For Sale
$299,900
108 E Center St, Ithaca, MI 48847
Fully occupied brick building with storefront-style suites and elevator service across multiple office, retail, and service tenants.
Property Size13,600 SF
Price / SF$22.05
Days on Market102
Property Features for 108 E Center St
General Information
Standard status
Active
Size
13,600 SF
Property subtype
Retail
Zoning
Commercial
Building Details
Building Size
13,600 SF
Year Built
1987
Listing Agency:
II Gemini, LLC
Listed By:
Ryan Smith · License #6502407123
(989) 708-6850
Source:
Cpix.resimplifi
Added: Jun 4
Changed: Sep 8
Last Checked: Sep 12 at 3:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of II Gemini, LLC
Investment Insights
Based on property information with market context.
This brick commercial building, constructed in 1987, totals approximately 13,600 square feet and is situated on a 100’ x 165’ lot. It includes a distinctive interior “village street” layout with storefront-style suites designed for multiple independent spaces. The property is 100% occupied with six tenant spaces and features attractive common areas. A standard elevator serves all floors, supporting convenient access for tenants and visitors.
Located on E. Center Street in downtown Ithaca, the property is described as having excellent downtown frontage. Street parking and nearby municipal parking are available for customer and client convenience. The building is zoned Downtown Commercial, and utilities are landlord paid.
For buyers or operators seeking a downtown investment with immediate occupancy, the Village Shoppes presents a multi-tenant mix that includes office, retail, and service-oriented users. The listing notes that financial information, including rent roll and pro-forma, is available in the offering documents, and the seller’s pro-forma reflects an approximate 9% cap rate. Seller financing or land contract terms may be considered, with all property details and assumptions to be verified by the buyer.
Located on E. Center Street in downtown Ithaca, the property is described as having excellent downtown frontage. Street parking and nearby municipal parking are available for customer and client convenience. The building is zoned Downtown Commercial, and utilities are landlord paid.
For buyers or operators seeking a downtown investment with immediate occupancy, the Village Shoppes presents a multi-tenant mix that includes office, retail, and service-oriented users. The listing notes that financial information, including rent roll and pro-forma, is available in the offering documents, and the seller’s pro-forma reflects an approximate 9% cap rate. Seller financing or land contract terms may be considered, with all property details and assumptions to be verified by the buyer.
Key Highlights
- Brick downtown commercial building built in 1987 with approximately 13,600 SF total on a 100' x 165' lot
- 100% occupied with six tenant spaces and scheduled annual rent of approximately $65,600
- Downtown Commercial zoning and a standard elevator serving all floors
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
2k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Mercantile Bank
Shops & Services
2,212 visits/mo
0.2 miles
Demographics for 48847, MI
5,886
Population
2,490
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
91%
High-School Grad
120.4 sq mi
ZIP Area
49
Density / Sq Mi
$63,967
Median Household Income
$32,762
Median Earnings
$819
Median Rent
$164,400
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Seamstress, Chris — 230 S St Johns St, Ithaca, MI 48847
Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied brick building with storefront-style suites and elevator service across multiple office, retail, and service tenants.
Where is this shopping center located?
The property is located at 108 E Center St Ithaca, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Brick downtown commercial building built in 1987 with approximately 13,600 SF total on a 100' x 165' lot; 100% occupied with six tenant spaces and scheduled annual rent of approximately $65,600; Downtown Commercial zoning and a standard elevator serving all floors
