$395,000
$432,000
8.6%For more information regarding the value of a property, please contact us for a free consultation.
10300 Howard City Edmore Road Cato Twp, MI 48850
6,068 SqFt
Key Details
Sold Price $395,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 6,068 sqft
Price per Sqft $65
MLS Listing ID 72022009227
Sold Date 05/23/22
Originating Board West Central Association of REALTORS
Year Built 1975
Annual Tax Amount $5,068
Lot Size 2.800 Acres
Acres 2.8
Lot Dimensions Width 375.00 Depth 296.00
Property Description
Here is your opportunity to own a State-leased building with 4 1/2 years left on current with a renewable 5-year lease opp. We have priced this building based on the annual rent totaling of $37,196.88 for January 1, 2022 through December 31 2026 and the SEV of $138,400 for 2021. This State Police post in Lakeview has been selected as one the few remaining permanently manned posts. The post was built in 1975 and has been maintained to State standards. It appears to be in excellent condition and Newer metal roof was installed a few years ago. An underground storage tank(UST) was removed with proper documentation. a motivated seller who would like to pass the torch to a new buyer. Buyer's must be approved by tenant / State of Michigan for the lease.
Location
State MI
County Montcalm
Area Cato Twp
Zoning Other
Direction M-46 to property between Satterlee and Youngman Rd on the North side.
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Utilities Available Fire Sprinkler, Security Alarm
Waterfront no
Roof Type Metal
Road Frontage Paved
Building
Foundation Basement
Sewer Septic-Existing
Water Well-Existing
Structure Type Block/Concrete/Masonry,Brick,Wood
Schools
School District Lakeview (Montcalm)
Others
Tax ID 00401700610
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Unknown/Data Share Listings
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Bought with Stout Group Ltd