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800 N Third Street Marquette, MI 49855
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Key Details
Sold Price $975,000
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,990 sqft
Price per Sqft $244
Subdivision Mi
MLS Listing ID 50131938
Sold Date 04/17/24
Year Built 1909
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions 100 x 100
Property Description
Prime Third Street location, great rental history, fully remodeled = fabulous investment opportunity! The occupied main level business has 18 months remaining of a 5 year lease with an option to renew for two more 5 year terms. Rent increases shown in Assoc. Docs. This space offers everything a fast food business desires with modern updated interior, entry from rear parking, high visibility on popular Third St, near NMU, drive-thru, along with access to a dry full basement for product storage. The upstairs was once 2 apartments and now a beautifully remodeled 4 bedroom, 2 full bath apartment with a private deck that is a favorite summer amenity to this spacious apartment. Tenants pay utilities, except for water/sewer. New apartment tenant begins May 1st, 1 year lease at $2,000/mo. Building has new windows and rubber roof.
Location
State MI
County Marquette
Area Marquette (52016)
Zoning Mixed Use
Interior
Heating Hot Water
Cooling Ceiling Fan(s), Central A/C
Exterior
Parking Features 11-20 Spaces, On Site
Roof Type Flat,Rubber
Building
Lot Description Downtown Dev Authority
Foundation Basement
Water Public Water
Structure Type Brick
Others
Ownership LLC
SqFt Source Assessors Data
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Commercial Loan
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Bought with RE/MAX 1ST REALTY