218 Cedar St Kalkaska, MI 49646

Property Details for 218 Cedar St

Property type

Commercial real estate

APN

041-728-014-00

APU

4172801400

Description

This exceptional investment opportunity presents a 2,922 square foot office building ideally situated in downtown Kalkaska, Michigan. The property boasts a prime location on a 0.34-acre lot, offering excellent visibility and accessibility. The main floor comprises a welcoming reception area, four private offices, a spacious bullpen workspace, a dedicated conference room perfect for meetings and presentations, a convenient kitchenette, a secure mailroom, and two restrooms. Upstairs, the second floor provides three additional private offices and a full bathroom, offering flexibility for expansion or separate tenancy. Adding to the property's versatility is a detached garage structure, providing ample storage space. Currently leased, this building offers a strong return on investment, projecting a 9.94% capitalization rate in the first year based on the existing lease agreement. The building's central location within Kalkaska's downtown area ensures high foot traffic and easy access to local amenities. This presents a rare chance to acquire a well-maintained, income-producing commercial property in a thriving Michigan community. The combination of its functional layout, desirable location, and strong projected return makes this an attractive proposition for discerning investors seeking a stable and profitable addition to their portfolio. The property's size and layout offer significant potential for future growth and adaptation to changing market demands.

Location Insight

City

Kalkaska

County

Kalkaska

State

Michigan

Longitude

-85.1768

Latitude

44.7333

CBSA code

45900

CBSA name

TRAVERSE CITY, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments