20417 State St Onaway, MI 49765-8692

Property Details for 20417 State St

Lot size

0.18 lot acres

Property type

Commercial real estate

APN

160-040-000-031-00

APU

16004000003100

Description

This exceptional Onaway, MI property presents a unique investment opportunity. Located at 20417 State Street, this 2,800 square foot building boasts a highly visible downtown location. The main level comprises approximately 1,400 square feet of office space, perfectly suited for a continuation of the well-established chiropractic practice that has thrived here for over four decades. All necessary equipment and fixtures are included, allowing for an immediate start to operations. Adding significant value is a completely renovated 1,400 square foot, three-bedroom, two-bathroom apartment on the upper level. This apartment boasts a strong rental history, generating consistent income during the off-season. Furthermore, its successful use as a vacation rental (VRBO) during the summer months provides an additional revenue stream. The property's prime location and dual-income potential make it an attractive proposition for both business owners and investors. Whether you envision continuing the existing chiropractic practice or exploring alternative business ventures, this property offers exceptional flexibility. Alternatively, the building's configuration presents a compelling opportunity for a purely investment-focused approach, leveraging the established rental income from the apartment. This turnkey property is ready for immediate occupancy and income generation. The asking price is $239,900.