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400 S 10th Street Escanaba, MI 49829
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Key Details
Sold Price $200,500
Property Type Single Family Home
Sub Type Single Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,539 sqft
Price per Sqft $26
Subdivision No
MLS Listing ID 50132390
Sold Date 03/21/24
Style More than 2 Stories
Bedrooms 2
Full Baths 2
Half Baths 3
Abv Grd Liv Area 7,539
Year Built 1900
Annual Tax Amount $5,797
Tax Year 2022
Lot Size 0.480 Acres
Acres 0.48
Lot Dimensions 150 x 140
Property Description
Size and Potential for Expansion: With over 7500 square feet available, there is significant space for the aspiring or current landlord to potentially add 6 to 8 more rental units to their portfolio. This could be an attractive option for those interested in real estate investment. Alternative Uses: The property's adaptability is emphasized by suggesting alternative uses such as adult foster care or a daycare facility. This opens up possibilities for a wide range of buyers with different interests and business goals. Existing Rental Income: The mention of a two-story apartment already present above the business, which was recently rented out, indicates immediate income potential for a landlord looking to maintain or expand on existing rental opportunities. Commercial Zoning: Being located in a commercial area makes this property suitable for various business ventures. It could be an ideal location for someone looking to establish their own business or potentially convert the space for a specific commercial purpose. Conversion Potential: The building's adaptability is further highlighted by suggesting the potential for conversion into a very large single-family home. This could appeal to buyers looking for a unique residential property. Operational Business: It's clarified that while the building is for sale, the business itself will remain operational, providing continuity for the existing business while allowing the new owner the flexibility to decide its future location. Ample Parking: The inclusion of a huge parking lot is a practical feature that adds value, especially for potential tenants or clients visiting the business.
Location
State MI
County Delta
Area Escanaba (21010)
Zoning Commercial,Mixed Use,Multi-Family,Office,Residential
Rooms
Basement Block, Full, Outside Entrance
Interior
Interior Features Bay Window, Cable/Internet Avail., Furnished, Walk-In Closet
Hot Water Gas
Heating Boiler, Floor Furnace, Forced Air, Radiant Floor
Cooling Ceiling Fan(s), Central A/C, Wall/Window A/C
Appliance Dishwasher, Microwave, Range/Oven, Refrigerator, Washer
Exterior
Parking Features Attached Garage, Electric in Garage, Gar Door Opener, Heated Garage, Workshop
Garage Spaces 4.0
Garage Description 27 x 48
Garage Yes
Building
Story More than 2 Stories
Foundation Basement
Water Public Water
Architectural Style Conventional Frame
Structure Type Vinyl Siding,Vinyl Trim
Schools
School District Escanaba Area Public Schools
Others
Ownership Private
SqFt Source Assessors Data
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with KEY REALTY DELTA COUNTY LLC