9938 Honor Hwy Honor, MI 49640-9617

Property Details for 9938 Honor Hwy

Year built

1991

Lot size

3.69 lot acres

Property type

Commercial real estate

APN

02-107-008-10

APU

210700810

Description

This exceptional 6,000 square foot commercial property, located at 9938 Honor Highway in Honor, Michigan (49640), presents a lucrative investment opportunity. Situated on a 1.22-acre lot, this well-maintained building boasts a prime location on US 31, between Beulah and Honor, ensuring high visibility and accessibility. Built in 1991, the property features a multi-tenant configuration with three separate units currently fully occupied, offering immediate cash flow. The building is zoned for commercial use and includes 20 parking spaces. Unit sizes vary, with one tenant occupying 1200 square feet, another occupying 1200 square feet, and a third occupying 3600 square feet. The current annual rent for two of the tenants totals $28,500. Each unit benefits from individual climate control (separate A/C and heat) and electric meters. The building is well-lit and in excellent condition, featuring bathrooms in all units. The property also includes an irrigated lawn, offering additional space for parking or potential expansion. The asking price is $550,000, representing a price per square foot of $91.67. The lease type is gross, with a remaining lease term of one year. This property is an ideal investment for those seeking a stable, multi-tenant income stream in a desirable location.