Downtown Mixed-Use
For Sale
$299,900
108 E Center Street, Ithaca, MI 48847
Commercial, Ithaca, MI
Property Size13,600 SF
Lot Size0.38 Acres
Price / SF$21
Days on Market95
Property Features for 108 E Center Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Exterior features
Block
Lot features
Shopping Center
Directions
Center Street. South side of the Street.
Subdivision
Gratiot
Standard status
Active
Size
13,632 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Description
ORIGINAL PLAT LOT 5 & W 34 FT OF LOT 4, BLOCK 10.
Legal Description
ORIGINAL PLAT LOT 5 & W 34 FT OF LOT 4, BLOCK 10.
Amenities
common areas
village street layout
Building Details
Building materials
Brick, Frame
Roof type
Asphalt
Listing Agency:
II GEMINI, LLC
(989) 708-6850
Listed By:
Ryan Smith · License #6502407123
(925) 359-9600
Added: Jun 4
Changed: Sep 5
Last Checked: Sep 6 at 8:06AM
MLS# 1946110
Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The Village Shoppes is a brick mixed-use commercial building constructed in 1987 at 108 E. Center Street. Its interior is arranged around a village-street concept, with storefront-style suites, shared common areas, and six tenant spaces occupied by office, retail, and service users. A standard elevator serves all floors, and the property includes approximately 13,632 square feet on a 100-by-165-foot lot.
The building is positioned in downtown Ithaca with street parking and nearby municipal parking available. It is zoned Downtown Commercial, and utilities are paid by the landlord. The property is reported as 100% occupied, with an approximate 9% pro-forma cap rate based on the seller’s assumptions. Financial information, leases, and pro-forma materials are available in the listing documents.
The building is positioned in downtown Ithaca with street parking and nearby municipal parking available. It is zoned Downtown Commercial, and utilities are paid by the landlord. The property is reported as 100% occupied, with an approximate 9% pro-forma cap rate based on the seller’s assumptions. Financial information, leases, and pro-forma materials are available in the listing documents.
Key Highlights
- 100% occupied with six tenant spaces
- Approximately 13,632 square feet on a 100‑by‑165‑foot lot
- Brick commercial building constructed in 1987
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick commercial property with six occupied suites, interior storefront-style circulation, an elevator, and access to municipal parking.
Where is this mixed-use property located?
The property is located at 108 E Center Street 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: 100% occupied with six tenant spaces; Approximately 13,632 square feet on a 100‑by‑165‑foot lot; Brick commercial building constructed in 1987
