Marquette, MI 49855,800 N Third Street
Marquette, MI 49855,800 N Third Street
Marquette, MI 49855,800 N Third Street
49
$975,000
$1,025,000
4.9%
Est.Price: ?

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3,990 SqFt

800 N Third Street Marquette, MI 49855

Est. payment /mo
SOLD DATE : 04/17/2024

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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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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by SELECT REALTY
Bought with RE/MAX 1ST REALTY

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agent

Morgan Beilfuss

Agent | License ID: 6501277052

+1(989) 277-7860

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