Park St Reed City, MI 49677
- Retail properties
- 1,800 SF
- 1.92 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Park St
- Year built
- 1950
- Lot size
- 1.92 lot acres
- Property size
- 1,800 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This 1,800-square-foot vacant auto shop presents a remarkable investment opportunity in Reed City, Michigan. Located on a spacious 1.92-acre lot, this single-story, 1950-built building offers significant potential for a variety of automotive businesses. Recently renovated just three years ago, the property boasts a new roof, updated interior and exterior steel, and blow-in insulation for enhanced energy efficiency. Heating is provided by a new infrared radiant tube heater. The property also features a newly drilled 5-inch well with a new 1.25-inch water line, ensuring a reliable water supply. Furthermore, the electrical system has been completely modernized to meet current standards, including a new 480 3-phase power supply. The building's dimensions are 30 feet by 60 feet, providing a functional layout. Its convenient location near the 131 expressway ensures easy access for clients and deliveries. Available for occupancy on October 29, 2024, this property is ready for immediate use. The asking price is $170,000. This is an exceptional opportunity to acquire a well-maintained, updated commercial property in a desirable location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Reed City
- County
- Osceola
- State
- Michigan
- Longitude
- -85.5142
- Latitude
- 43.8743
