Grand StSchoolcraft, MI 49087

Property Details for Grand St

Year built

1900

Lot size

0.24 AC

Property size (Sq ft)

4,080 SF

Property type

Commercial real estate

Description

This exceptional multi-unit property, located in the heart of downtown Schoolcraft, Michigan, presents a unique investment opportunity. The building encompasses 4,080 square feet on a 0.24-acre lot and features a total of five units: two street-level retail spaces and three upstairs residential apartments. All units are currently leased, generating consistent rental income. The retail spaces offer considerable flexibility for a variety of business ventures, making them highly adaptable to market demands. The three residential apartments have been tastefully updated, preserving their original character while incorporating modern amenities. Each apartment varies in size and rental rate, contributing to a diversified income stream. Significant recent improvements include a new roof with a 10-year warranty, ensuring long-term cost savings. Furthermore, the building's mechanical systems are newer and in excellent condition, minimizing maintenance concerns. Ample parking is available for tenants and patrons, adding to the property's overall appeal. This turnkey investment is poised for continued success, offering a blend of retail and residential income streams in a desirable downtown location. The property's strong rental history and recent upgrades make it an attractive proposition for discerning investors seeking a stable and profitable addition to their portfolio. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving Michigan community.

Location Insight

City

Schoolcraft

County

Kalamazoo

State

Michigan

Latitude

42.1144

Longitude

-85.6371

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