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1505 Benzie Benzonia, MI 49616
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Key Details
Sold Price $845,000
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 14,400 sqft
Price per Sqft $58
Subdivision Mi
MLS Listing ID 80008024
Sold Date 09/27/23
Year Built 2004
Lot Size 2.420 Acres
Acres 2.42
Lot Dimensions 207x509
Property Sub-Type Commercial/Industrial
Property Description
Fully leased South Street Center retail investment property built in 2004. Long-term lease with Family Dollar anchor expires 12/31/28. Four tenants also include a Verizon store and Edward Jones. Great visibility/signage with frontage on high-traffic US31. A Save A Lot grocery store and the Crystal Plaza retail center anchored by Family Fare are located to the south. One tenant occupies three adjacent units (each with restroom access) that could be leased separately. The center services a large geographic trade area and is located 1.5 miles from the Crystal Lake resort area and 10 miles from Crystal Mountain ski and golf resort. Available at a 7.6% cap rate.
Location
State MI
County Benzie
Area Benzonia Twp (10002)
Zoning Commercial
Interior
Heating Forced Air
Cooling Central A/C
Exterior
Parking Features Parking Lot
Building
Foundation Slab
Water Public Water
Structure Type Block,Steel
Others
Ownership Private
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Commercial Loan,Conventional
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Bought with Three West, LLC