115 Pine River StIthaca, MI 48847
4-unit building, high cap rate, strong NOI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 94
Highlights
- $299,000 asking price for a mixed-use property in Ithaca, MI.
- 4-unit, 4,818 sq ft building with a 10.97% cap rate and $32,800 NOI.
- Includes a 75% occupied, multi-tenant building with three tenants, featuring a salon and two apartments.
- Built in 1950, renovated in 2015, with six parking spaces and a C-1 zoning designation.
- Features two 2-bedroom apartments, a salon, and a vacant commercial unit.
Property Details for 115 Pine River St
- Property type
- Other retail properties, Individual retail properties
- Square Feet
- 4,818 SF
- Class
- B
- Year Built/Renovated
- 1950/2015
- Buildings
- 1
- Stories
- 2
- Units
- 4
Location Insight
- City
- Ithaca
- County
- Gratiot
- State
- Michigan
- Latitude
- 43.291065727162
- Longitude
- -84.60758035271
Nearby Similar for Sale
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