142 E Center Street
Ithaca,
MI
48847
Property Details
List Price: |
$249,900 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
5198 Square Feet |
Agency: |
KW Professionals |
Agency Phone: |
(734) 459-4700 |
Description/Comments
Lot Size: |
0 acre(s) |
Property Type: |
Commercial Sale-Other |
Year Built: |
1900 |
Notes: |
142 E Center in Ithaca presents a unique investment opportunity for those seeking versatility and potential in a bustling location where approximately 7,000 cars drive by daily. This three-story building has 4 total tenants for a combined monthly rental income of $2,000. The ground floor features a thriving restaurant, boasting a seating capacity of 118, 2 bathrooms, and all equipment included for immediate operation. The restaurant pays approximately $400/month in rent and the tenant pays all utilities on their own (water, gas, electric). The other half of the ground floor features a 2 room office with 1 bathroom at approximately $400/month. For this unit, the owner pays the utilities and the tenant reimburses. On one half of the 2nd level there is a 1 bed, 1 bath residential unit at approximately $600/month and the owner pays the utilities and the tenant reimburses. The other half of the 2nd floor features a tie-dye studio with 1 bath room at $400/month and the tenant pays all utilities on their own. The third and final floor is a photo studio at $200/month. All tenants are on month-to-month leases, allowing for adaptability and increased income potential. Taxes are estimated to be $3,500/year. Whether you're an investor or an entrepreneur, 142 E Center stands as an exciting opportunity in a prime Ithaca location! BTVAI |
MlsNumber: |
-- |
ListingId: |
20230091260 |
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Listing Provided By: |
KW Professionals, original listing |
Phone: |
(734) 459-4700 |
Office Phone: |
(734) 459-4700 |
Agent Name: |
Jeff Glover |
Disclaimer: |
Copyright © 2024 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |