Downtown Mixed-Use
108 E Center Street Ithaca, MI 48847
108 E Center Street, Ithaca, MI, 48847
$299,900
For Sale
$299,900
COMMERCIAL - Ithaca, MI
Property Size13,632 SF
Lot Size0.38 Acres
Price / SF$21
Days on Market48
Property Features for 108 E Center Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Exterior features
- Block
- 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.
Building Details
- Building materials
- Brick, Frame
- Roof type
- Asphalt
Listing agency
II GEMINI, LLC
(989) 708-6850
Listed by
Ryan Smith · License #6502407123
(989) 708-6850
Added: Jun 4 Updated: Jul 10 at 10:12AM Checked: Jul 21 at 6:06PM
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.
Built in 1987, this distinctive brick commercial building known as The Village Shoppes features a unique interior “village street” layout with storefront-style suites. The property totals approximately 13,600 square feet and is currently 100% occupied with six tenant spaces. Common areas are included, and a standard elevator serves all floors.
The building provides downtown frontage and is zoned Downtown Commercial. Street parking and nearby municipal parking are available. Utilities are landlord paid, and financial information, including rent roll and pro-forma, is available in the listing documents.
The seller reports scheduled annual rent of approximately $65,600 and indicates an approximate 9% pro-forma cap rate based on the provided pro-forma. Seller financing or land contract terms may be considered. Buyers are advised to verify all property information, square footage, leases, expenses, taxes, zoning, utility arrangements, permitted uses, and pro-forma assumptions.
The building provides downtown frontage and is zoned Downtown Commercial. Street parking and nearby municipal parking are available. Utilities are landlord paid, and financial information, including rent roll and pro-forma, is available in the listing documents.
The seller reports scheduled annual rent of approximately $65,600 and indicates an approximate 9% pro-forma cap rate based on the provided pro-forma. Seller financing or land contract terms may be considered. Buyers are advised to verify all property information, square footage, leases, expenses, taxes, zoning, utility arrangements, permitted uses, and pro-forma assumptions.
Key Highlights
- Fully occupied downtown Ithaca commercial investment property at 108 E. Center Street (The Village Shoppes) with 6 tenant spaces.
- Approximately 13,600 SF brick commercial building built in 1987 on a 100' x 165' lot.
- Scheduled annual rent of approximately $65,600 and 100% occupancy.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Aleck & Jenkins
Law Firm
Courtney's Barber Shop
Barber Shop
Loretta's Laundry - A Western ...
Clothing & Fashion Store
Creative Moments
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Seamstress, Chris — 230 S St Johns St, Ithaca, MI 48847
FAQs
What type of property is this?
Shopping center - Brick commercial building built in 1987 with six storefront-style suites and street and municipal parking nearby.
Where is this shopping center 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: Fully occupied downtown Ithaca commercial investment property at 108 E. Center Street (The Village Shoppes) with 6 tenant spaces.; Approximately 13,600 SF brick commercial building built in 1987 on a 100' x 165' lot.; Scheduled annual rent of approximately $65,600 and 100% occupancy.
