627 & 629 S Farmer Street Otsego, MI ^$ 1,250,000

627 & 629 S Farmer Street

^$ 1,250,000

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627 & 629 S Farmer Street

Otsego, MI, 49078

^$ 1,250,000

Studio Baths0.0 Sq 5,192

Monthly Estimate*

^$ 8,308

Studio

Commercial Property for sale in Otsego, MI

for $1,250,000. This 5,192 square foot building was built in 1950 on a lot size of 0.38.

Sales report at brokers over 2 M.Same Ow ner over 25 years.Super location across street from Ostego City Park.

Commercial Pending

Price

^$ 1,250,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 4,862

Style

Business

Lot Size

0.38

Year Built

1950

Town/City

Otsego

County/Region

Allegan

MLS | Web ID

70121153

Features

General

Heating Forced Air

Cooling Central A/C

Roof Composite

Water Public Water Public Water at Street

Status Pending Pending

Year Built 1950

County Allegan

Class COM/IND/BUS OPP

Type Business

Percent Ownership Other/See Remarks

Municipality Otsego

Zoning Commercial

Subdivision MI

Commercial Features Bath Cable Internet Installed Cable TV Available Electric Available Gas Available Outside Storage Telephone

Area Otsego (03036)

Primary City Otsego

Directions 131 to m-89 t Farmer st left to Dix ave

City Otsego

Street Name Farmer

Financial Terms Cash Conventional

Legal Description com at 891 ft s of s lin of hammond st at e edge of farmer st th s ly 99 ftm. rl to n li of dix ave th e ly 165 ft th

DOM 123

Postal Code 49078

Price Per Sq Ft Total 240.76

Coming Soon Sales report at brokers over 2 M.Same Ow ner over 25 years.Super location across street from Ostego City Park.

Exterior

Exterior Frame Other Wood

Frontage 123

Lot Size Area 0.38

Lot Dimensions 99X123

Waterfront Y/N No

Interior

Ceiling Height Less than 16 Ft.

Fuel Type Natural Gas

* Excluded Features

List By

Everett Couch

Listing Agent

Couch & Company

Broker

everettlcouch@gmail.com

Affordability Calculator

$8,713

Per Month

Monthly Principal & Interest: $8,308
Monthly Property Taxes: $405
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Otsego, MI

Average List Price ^$683,333

Percent of Sale Price 45%

About Otsego, MI

4,027 Population

2% Since 2002

^$45,315 Median Income

39.05 Median Age

33% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/9/2022	$1,250,000		Listed Price

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627 & 629 S Farmer Street, Otsego, MI, 49078 is a Commercial Property for sale at $1,250,000 with 5,192 sqft and a lot size of 0.38. 627 & 629 S Farmer Street is a studio with 0.0 baths and was built in 1950. The property's zip code is 49078 which is in Otsego, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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627 & 629 S Farmer Street

Commercial Property for sale in Otsego, MI

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