For Sale
$229,900

695 1St St Harrison, MI 48625

Turnkey retail space w/ tenant, high traffic location

Overview

Added:
Dec 11, 2024
Days on market:
133
This 2,112 sq ft commercial building in Harrison, MI, presents a unique owner-user or investment opportunity. Located on busy US-127/N. First Street, it boasts high visibility and traffic flow. Currently operating as a tanning/beauty salon with an additional tenant in a 576 sq ft rear space (pet groomer), this property offers immediate income potential. The main space totals 1,536 sq ft. The building features a combination of slab, crawlspace, and basement for ample storage. Significant mechanical updates and a new roof ensure a turnkey operation. Built in 1959 and renovated in 2022, the single-story building sits on a 0.35-acre lot with 12 parking spaces. The property includes two units and is zoned for commercial, office, and retail use. The current lease is a modified multi-tenant agreement with one tenant, expiring March 1, 2025 (0.3 years remaining). The asking price is $229,900 ($108.85/sq ft), with 40% occupancy expected by October 15, 2024. The seller is offering both the building and the existing business (inventory and equipment). Its prime location near Wilson State Park and the Clare County Fairgrounds adds to its appeal.

Highlights

  • $229,900 asking price for this owner-user retail storefront in Harrison, MI.
  • 2,112 square foot building on a 0.35-acre lot with 12 parking spaces.
  • Currently 40% occupied, with full occupancy projected for October 15, 2024.
  • Features a modified lease with one tenant, a 2-year lease term commencing March 1, 2023, and expiring March 1, 2025.
  • The property includes two units, one 1,536 sq ft and one 576 sq ft, and was renovated in 2022.
  • Located at 695 N 1st St, Harrison, MI 48625, in a high-traffic area near Wilson State Park and the Clare County Fairgrounds.

Property Details for 695 1St St

Property type
Retail properties, Retail space
Square Feet
2,112 SF
Year Built/Renovated
1959/2022
Buildings
1
Stories
1
Lot Size (sq. ft)
15,246 SF
Units
2

Location Insight

City
Harrison
County
Clare
State
Michigan
Latitude
44.026132
Longitude
-84.8038497

FAQs

What type of property is this?
Retail property - Turnkey retail space w/ tenant, high traffic location
Where is the retail property located?
The property is located at 695 1St St Harrison, MI.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: $229,900 asking price for this owner-user retail storefront in Harrison, MI.; 2,112 square foot building on a 0.35-acre lot with 12 parking spaces.; Currently 40% occupied, with full occupancy projected for October 15, 2024.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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695 1St St
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