107 E State, Mancelona

$400,000

0 Beds
5 Baths
20,400 Sqft
.7 Acres
0 Garages

Business opportunity of a lifetime! This 20,000+ square foot building is located in the heart of northern Michigan, on the corner of high traffic US-131 and M-88. An average of 9000+ cars pass through this intersection daily and this has increased 33% in the past year. This cornerstone building of Mancelona has 3 stories and the possibilities are endless for a creative entrepreneur. It is the perfect place for a much-needed bar/restaurant. There is also the possibility of retail, office and/or multiple apartments in an area with a shortage of rental housing. This building is located in an “Opportunity Zone” which offers investors a special break on taxes and capital gains. This historic gem was built in 1908, and has had multiple uses over the years. The main building was a PNC bank for the past several years, and was Antrim Bank for decades before that. An adjoining building is currently a heating and plumbing store with a nice showroom and offices. In the past, there was a restaurant downstairs, and the upstairs was a dance hall with raised stage, boarding house, home for Lion’s Club, Rotary and Liars’ Club, and much more. Original wood floors. There are many conference rooms, offices, and closets throughout. Three kitchens and five restrooms. Huge basement with incredible stone and brick foundation. Finished rooms in basement. This building is in very good condition with newer boilers, updated plumbing and electric, and more. 28 parking spots plus public parking. Mancelona is a family friendly town with award winning schools and beautiful parks. Located convenient to Gaylord, Traverse City, Petoskey, and Charlevoix. This prime building is located near snowmobile trails, lakes and rivers, golfing, skiing, hunting and Shanty Creek Ski and Golf Resort.

Essential Information
MLS® #1866496
Price$400,000
Bathrooms5.00
Square Footage20,400
Acres0.70
Year Built1908
TypeCommercial
Sub-TypeMixed Use, Commercial Sale
StatusActive
Community Information
Address107 E State
Subdivisionnone
CityMancelona
CountyAntrim
StateMichigan
Zip Code49659
Amenities
FeaturesOther
Parking Spaces28
Utilities

WATER: Municipal Water SEWER: Municipal

Parking

Paved, Parking Lot, Street Parking

Interior
Has BasementYes
Heating

Natural Gas, Forced Air, Hot Water, Central Air

Basement

Poured Concrete, Stone, Finished Rooms, Plumbed for Bath, Egress Windows, Daylight Windows, Entrance Inside, Full, Block

Exterior
Exterior FeaturesBrick, Stone
Lot Descriptionirregular174x100x150x50
RoofMembrane
ConstructionBrick, Block
Additional Information
Date ListedAugust 23rd, 2019
Days on Market28
ZoningCommercial
Listing Details
OfficeDEK Realty
Office Address6075 Cedar River Road
Property History
Status Changed from New to Active

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright © Northern Great Lakes REALTORS® MLS. All Rights Reserved.

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