142 Center St Ithaca, MI 48847

This 5,198 sq ft, three-story industrial building in Ithaca, MI, presents a compelling investment opportunity. Situated on a 0.13-acre lot with high daily traffic (approximately 7,000 cars), the property currently generates a combined monthly rental income of $1,025 from two tenants. The ground floor previously housed a fully equipped restaurant (118-seat capacity, two bathrooms) and a two-room office with a bathroom, each generating approximately $400 in monthly rent. The second floor includes a one-bedroom, one-bathroom residential unit ($625/month) and a tie-dye studio with a bathroom ($400/month). A former photo studio occupies the third floor, generating $200/month in rent. All tenants are on month-to-month leases, offering flexibility for future income growth. The property benefits from recent upgrades, including a new AC unit upstairs (2024) and a new furnace downstairs (2024). Estimated annual property taxes are $3,500. This multi-use building offers significant potential for investors and entrepreneurs alike, with the possibility of adding three additional tenants. The building's diverse layout and prime location make it an attractive proposition in a bustling area.