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142 E CENTER Street
Ithaca MI 48847 US

$249,900

Active Listing ID 20230091260
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Lot: 0.13 Acres
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$249,900

Active Listing ID 20230091260
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142 E CENTER Street 142 E Center in Ithaca presents a unique investment opportunity for those seeking versatility and potential in a bustling location where approximately 7, 000 cars drive by daily. This three-story building has 4 total tenants for a combined monthly rental income of $2, 000. The ground floor features a thriving restaurant, boasting a seating capacity of 118, 2 bathrooms, and all equipment included for immediate operation. The restaurant pays approximately $400/month in rent and the tenant pays all utilities on their own (water, gas, electric). The other half of the ground floor features a 2 room office with 1 bathroom at approximately $400/month. For this unit, the owner pays the utilities and the tenant reimburses. On one half of the 2nd level there is a 1 bed, 1 bath residential unit at approximately $600/month and the owner pays the utilities and the tenant reimburses. The other half of the 2nd floor features a tie-dye studio with 1 bath room at $400/month and the tenant pays all utilities on their own. The third and final floor is a photo studio at $200/month. All tenants are on month-to-month leases, allowing for adaptability and increased income potential. Taxes are estimated to be $3, 500/year. Whether you're an investor or an entrepreneur, 142 E Center stands as an exciting opportunity in a prime Ithaca location! BTVAI

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Property Features

  • Facts
  • Lot Size: 0.13 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 249900
  • unparsedaddress: 142 E CENTER Street
  • postalcity: Ithaca
  • stateorprovince: MI
  • country: US
  • postalcode: 48847
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.13
  • lotsizeunits: Acres
  • lotsizearea: 0.13
  • livingarea: 5198
  • livingareaunits: Square Feet
  • listagentfullname: Jeff Glover
  • listagentemail: adminteam@gloveragency.com
  • listagentkey: 3yd-REALCOMPMI-317808
  • listagentmlsid: 317808
  • listagentpreferredphone: 7344594700
  • listagentofficephone: 7344594700
  • listofficekey: 3yd-REALCOMPMI-324866
  • listofficemlsid: 324866
  • disclaimer: Copyright © 2024 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: REALCOMPMI
  • yearbuilt: 1900
  • listingcontractdate: 2023-10-25
  • listagenturl: http://www.gloveragency.com
  • countyorparish: Gratiot
  • parcelnumber: 5201013600
  • elementaryschooldistrict: Ithaca
  • middleorjuniorschooldistrict: Ithaca
  • highschooldistrict: Ithaca
  • constructionmaterials: Brick, Other
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
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Listing Changed: 3/26/2024 1:11:16 PM GMT
Source Updated Date: 5/11/2024 6:40:33 AM GMT

Courtesy of: Jeff Glover, KW Professionals, adminteam@gloveragency.com

Copyright © 2024 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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