58540 Van Dyke Ave, Washington, MI 48094

This exceptional 6,200 sq ft mixed-use building in Washington, MI, presents a compelling investment opportunity. Built in 1900 and extensively renovated in 1999, this three-story, 15-unit property boasts a strong 87% occupancy rate and a substantial net operating income (NOI) of $90,000, yielding a 7.09% cap rate. The asking price is $1,270,000. Recent upgrades include a new roof (2020), high-efficiency HVAC systems (2022), a new boiler (2020), and air purifiers (2021). The property features 30 on-site parking spaces, plus an additional 25+ spaces available via agreement with a neighboring church. Security is enhanced by a state-of-the-art camera and alarm system with automatic door locks. High-speed internet access is provided via T-1 lines for AT&T and Comcast/Xfinity. The flexible layout allows for spaces ranging from 200 to 1,200 sq ft, accommodating diverse business needs. The upper two floors offer open floor plans with ceiling heights ranging from 7 to 10 feet. A shared laundry facility and ample storage are available for tenants. Located on Van Dyke Ave in a high-traffic area with a convenient stoplight, this property offers excellent visibility and accessibility. The 0.23-acre lot is zoned V-1 Commercial. The current leases are modified, multi-tenant, with a 3-year term and 2 years remaining. No rent bumps are scheduled. This turnkey property is a rare blend of historic charm and modern functionality, making it an ideal investment for discerning buyers.