115 Stone RdFremont, MI 49412

Property Details for 115 Stone Rd

Lot size

1.24 AC

Zone code

LOCAL ZONE

Property type

Commercial real estate

APN

17-03-200-054

APU

1703200054

Description

This exceptional Class A bank building in Fremont, Michigan, presents a unique investment opportunity. Situated on a desirable 1.68-acre lot at 115 S Stone Rd, this 4,655 square foot property boasts excellent visibility and ample parking. Built in 2008, the building features attractive landscaping and heated sidewalks, reflecting its high-quality construction. The C-2 (Urban Commercial) zoning allows for diverse uses, including banking, medical, or professional office space. Its location offers convenient proximity to the hospital, Gerber, and the local high school. The asking price is $675,000, representing a significant discount compared to replacement cost. A compelling aspect of this offering is the owner's provision of a negotiable one-year leaseback at $12 per square foot ($4,655 per month, $55,860 annually), allowing for a smooth transition. The current business will remain operational during this period. This property is one of the finest buildings in Fremont and presents a rare chance to acquire a premium commercial space in a thriving community.

• Alternative Use

  Use

  Valuation

  Residential

  $11,291,944

  Hospitality

  $10,343,360

  Educational

  $8,605,554

  Medical

  $8,901,512

  Retail

  $13,386,417

Location Insight

City

Fremont

County

Newaygo

State

Michigan

Latitude

43.4654

Longitude

-85.9602

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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