$670,000
$725,000
7.6%For more information regarding the value of a property, please contact us for a free consultation.
10,000 SqFt
SOLD DATE : 01/31/2018
Key Details
Sold Price $670,000
Property Type Commercial
Sub Type Business And Real Estate
Listing Status Sold
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $67
MLS Listing ID 65017036724
Sold Date 01/31/18
Originating Board Greater Regional Alliance of REALTORS®
Year Built 1975
Annual Tax Amount $6,243
Lot Size 50.000 Acres
Acres 50.0
Lot Dimensions 1990 x 630 x 1300 x 1315
Property Description
50 acres of land with a successful, actively operating dirt race track. Property could continue to be used as a racing facility or re-development. The site currently has a license to sell food, beer and wine. It has been used for concerts and multiple other events. If a buyer is interested in continuing the operation of the speedway, the owner would stay on for a period of time as a consultant.Conveniently located near the expressway at the Lake Odessa exit. The Grand stands can comfortably accommodate 8,000 people. The site also contains multiple buildings which are currently used for servicing racing vehicles and track maintenance equipment. The current owner generates revenue from concessions, admission fees, private box seating and track advertisements. See virtual tour under photo
Location
State MI
County Ionia
Area Berlin Twp
Zoning Other
Direction To I96 exit 64, Lake Odessa, then south on Jordan Lake to Portland Rd. then west 1 mile, Track on south side of road.
Interior
Heating Baseboard
Heat Source LP Gas/Propane
Exterior
Road Frontage Paved
Building
Sewer Septic Tank (Existing)
Water Well (Existing)
Structure Type Block/Concrete/Masonry,Metal Siding,Other,Wood
Schools
School District Lakewood
Others
Tax ID 01103300002000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Unknown/Data Share Listings
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Bought with Greenridge Realty (Lowell)
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