2370 M-137, Interlochen

$320,000

0 Beds
3 Baths
2,755 Sqft
.23 Acres
0 Garages

Wonderful Investment Opportunity - 3 Buildings zoned "mixed use"- all can be used for commercial or residential purposes. Two of the buildings are on high traffic M-137, a perfect spot for a multitude of businesses and the third is directly behind on W. Railroad Past successful businesses included a boutique, florist, law office and massage therapist. Could open a business live in one of the other structures and make rental income off the third. The Business includes 3 structures: 1. Building One is approximately 1102 sq ft and is situated directly on M-137 - just renovated.Would make an excellent store front but also has a bathroom, full kitchen, 2 bedrooms & washer and dryer, could be a residential rental or a home for someone who wanted to run a business out of their home. Currently used as a residential rental receiving $10,200 per year 2. "Building Two"is also directly on M-137; is approximately 675 sq ft. This building has an excellent rental history. It is currently used as a residential rental but could easily be converted into a retail shop or art gallery. 2 bdrs, 1 bath. Currently residential rental receiving $9000 per year. 3. "Building Three" is directly behind the other two with frontage on West Railroad Rd. This building also has an excellent rental history, currently a residential rental (but also zoned commercial). 1150 sq ft, 3 bdrs, 1 bath. Large attached Pole barn/garage with high ceiling and metal roof; garage has been rented separately from house as a resale shop & storage unit. There are gardens on the grounds and a potting shed with greenhouse roof - used for potting and creating floral arrangements for resale. Currently residential rental receiving $11,400 per year. Could rent pole barn out for an approx an additional $4800 per year. The possibilities are endless with the "one of a kind" opportunity. Only 1 mile from Interlochen Center for the Arts & 13 miles to Traverse City!

Essential Information
MLS® #1823584
Price$320,000
Bathrooms3.00
Square Footage2,755
Acres0.23
Year Built1975
TypeCommercial
Sub-TypeMixed Use, Commercial Sale
StatusActive
Community Information
Address2370 M-137
SubdivisionMartins Addition
CityInterlochen
CountyGrand Traverse
StateMichigan
Zip Code49643
Amenities
FeaturesOverhead Door(s)
Parking Spaces12
ParkingParking Lot
Utilities

WATER: Private Well SEWER: Private Septic

Interior
HeatingNatural Gas, Forced Air
BasementSlab
Exterior
Exterior FeaturesVinyl, Wood
Lot Description100x100
RoofAsphalt, Metal
ConstructionFrame
Additional Information
Date ListedSeptember 26th, 2016
Days on Market1288
ZoningCommercial
Listing Details
OfficeBOUWMAN REALTY GROUP
Office Address2784 M-137
Property History
Status Changed from Extend to Active
Status Changed from Active to Extend
Status Changed from Extend to Active
Status Changed from Active to Extend
Status Changed from Extend to Active
Show All History (15)

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