$930,000

6585 & 6535 M-66 North

Charlevoix MI, 49720

Description

Investment opportunity on busy M-66 in Charlevoix. This 17,975 SF retail building has great visibility and signage and is on a main retail thoroughfare. 3 Unit building fully leased to Fastenal, Bergmann Center Resale, and Wild Wild West Tobacco. 2 rear truck wells with overhead doors. There is easy egress & ingress from M-66 and it is only 1.5 miles to downtown Charlevoix. Current income is 10% Cap rate and at $52/SF this building is a great value. Priced below assessed value and room for future rent growth.

Details

MLS#1862785
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year1991
Days On Site348

Features

SQ Feet17,975
Story(s)1
ZoningOffice,Retail,Commercial

Market Activity 49720

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Area Information

StateMI
CountyCharlevoix
CityCharlevoix
Zip Code49720
AreaCharlevoix
Listing VS Median (in 49720)
Price:
$930,000
low | high
Med:
$309,700
100% of Average
SqFt:
17,975
low | high
Med:
2,334
100% of Average
$ / SqFt:
$52
low | high
Med:
$141
100% of Average
On Site:
348
low | high
Med:
240.500000
100% of Average
Listing Updated: 05/25/2020
MLS Number: 1862785
Listing Provided By:
Stiebel 930000  of  Coldwell Banker Schmidt-522
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Northern Great Lake Realtors® MLS.