Boyne City, MI 49712,615 Beardsley Road

$305,000

$320,000

4.7%
Est.Price: ?

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Est. payment /mo

5,000 SqFt


SOLD DATE : 09/09/2021

Key Details

Sold Price $305,000

Property Type Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 5,000 sqft

Price per Sqft $61

MLS Listing ID 78001328752

Sold Date 09/09/21

Originating Board Aspire North REALTORS®

Year Built 1994

Lot Size 1.950 Acres

Acres 1.95

Lot Dimensions 1343 X 63

Property Description

Single tenant Boyne City office building in business park setting offers an excellent investment opportunity with an 8% cap rate. Longer term upside with current rents well below market. Stable long-term tenant with a lease expiring 9/30/21 and two options to renew for one year each. List price well below replacement cost and assessed value. On a 2 acre parcel with room to expand or add another building with potential for lot split. Includes three restrooms, full kitchen, washer/dryer hookup, and covered driveway entrance. Works well for future office, medical, daycare, church, community center or similar uses. If needed, building could readily be split into two tenant spaces. Regional Commercial/Industrial District zoning allows for variety of uses including retail and restaurant with drive-through allowed.

Location

State MI

County Charlevoix

Area Boyne City

Zoning Commercial

Interior

Heating Forced Air, Central Air

Heat Source Natural Gas

Exterior

Roof Type Asphalt

Accessibility Disabled Access

Building

Foundation Slab

Sewer Septic Tank (Existing)

Water Public (Municipal)

Structure Type Frame,Vinyl

Others

Tax ID 05133616325

Ownership Private Owned

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Financing Cash,Conventional,Other

Special Listing Condition Unknown/Data Share Listings

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Realcomp MLS
Listed by Bill Somerville of Three West, LLC
Bought with Three West, LLC
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