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115 S Pine River Street Ithaca, MI $ 326,000
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$ 326,000 Get more info
115 S Pine River Street
$ 326,000
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115 S Pine River Street

Ithaca, MI, 48847
$ 326,000
Baths4.0

Monthly Estimate*

$ 2,167

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Studio

Commercial Property for sale in Ithaca, MI

for $326,000 with 4 full baths. This building was built in 1950 on a lot size of 0.07.

If you're looking for a Work/Live opportunity with additional income to pay your mortgage, this is your investment. With an operating full service salon with 2 chairs, 2 nail tech stations and pedicure station in back, you'll have a cash flowing investment with room to expand. Sale includes the business license (DBA) for the salon along with all the equipment to continue the momentum at this location. To finish out the main level, next to the salon, is a vacant commercial unit ready to be rented. The second story includes 2-Two bedroom apartments in excellent condition with updated kitchens and onsite laundry. The owner has taken care of all the deferred maintenance questions with new roof in 2022 and updated furnace and water heaters. This is an investment that you'd be proud to own

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Commercial Active

Price

$ 326,000

Bedrooms

Studio

Full Bath

4

Property Type

Commercial

Taxes

$ 2,181

Style

Retail/Commercial

Lot Size

0.07

Year Built

1950

Town/City

Ithaca

County/Region

Gratiot

MLS | Web ID

24007436
Features
General
Sewer Public Sewer
Cooling Wall Unit(s)
Utilities Public Water Available Public Sewer Available Natural Gas Available Natural Gas Connected Electric Connected Cable Connected
Possession Close Of Escrow
Roof Rubber
Construction Materials Brick Block
Year Built 1950
Tenant Pays Electricity
Township Ithaca
Property SubType Retail/Commercial
Tax Year 2024
Gross Income 46500.0
Business Type Retail
County Gratiot
Net Operating Income 32800.17
Operating Expense 13699.83
Insurance Expense 2319.0
New Construction N
Property Type Commercial Sale
Attached Garage N
Status Active
Directions Downtown Ithaca on S Pine River St
City Ithaca
High School District Ithaca
Zoning Description C-1
NumberOfUnitsTotal 4
MLS Area Central Michigan - C
Lot Size Units Acres
Lot Size Square Feet 3120.0
Waterfront Y/N N
Street Name Pine River
Land Lease Y/N N
Tax Annual Amount 2181.0
Lease Renewal Y/N N
MLS Area Minor Central Michigan - C
Additional Parcels Y/N N
Lease Considered Y/N Y
Rent Control Y/N N
Days on Market 106
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 40827
Legal Description ORIGINAL PLAT COM AT NW COR OF LOT 7 TH S 38 FT 4 IN E 80 FT N 38 FT 4 IN W 80 FT TO BEG ALSO ORIGINAL PLAT S 36 F
Senior Community None
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Exterior
Parking Features Asphalt Driveway Concrete
Water Source Public
Total Parking 3.0
Inclusions {u'Equipment': True u'Other': True u'Inventory': True u'Real Estate': True u'Licenses': True u'Furniture': True}
Lot Size Area 0.07
Foundation Details Slab
Number of Buildings 1
Spa N
Building Area Total 4818.0
Lot Dimensions 39 x 80
Lot Size Acres 0.07
Road Surface Type Paved
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Fireplaces 1
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Full Baths 4
Street Suffix Street
Electric On Property Y/N N
Total Baths 4
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Internal Only
Street Number 1 115
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* Excluded Features
List By
Keller Williams Gr North

Broker

roger.ackerman@kw.com

Email

Affordability Calculator

$2,348
Per Month
92%
8%
0%
Monthly Principal & Interest
$2,167
Monthly Property Taxes
$182
Monthly 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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3279007 Elementary School
3279006 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/14/2024$326,000 Listed Price

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115 S Pine River Street, Ithaca, MI, 48847 is a Commercial Property for sale at $326,000 with a lot size of 0.07. 115 S Pine River Street is a studio with 4.0 baths and was built in 1950. The property's zip code is 48847 which is in Ithaca, MI

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