113 N 1st St
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113 N 1st St
8,000 SF Retail Building West Branch, MI 48661 £147,883 (£18/SF)
Investment Highlights
- Downtown location, High Ceilings, Zoned Mixed Use and ready for development with city water, sewer, 200 amp service and new commercial roof
- New commercial Duro-Last roof with transferrable warranty installed October 2023
- Rural downtown redevelopment in opportunity zone that may be eligible for up to 50% MEDC funding via MCRP or MiPlace programs.
Executive Summary
~8000 Sqft across two levels on .38 acres in downtown West Branch. Zoned Mixed Use with 2 city water mains, sewer, gas and 200 Amp service. Inside is ready for renovation. Power available at the panel. There is no safe access between levels. New commercial Duro-Last roof with transferrable warranty installed October 2023. Lower level has 10' ceilings, Street level has steel beams with bottoms at 14'. Possible self storage conversion project. Busy street due to proximity to downtown, elementary and middle schools.
Rural downtown redevelopment in opportunity zone that may be eligible for up to 50% MEDC funding via MCRP or MiPlace programs.
Rural downtown redevelopment in opportunity zone that may be eligible for up to 50% MEDC funding via MCRP or MiPlace programs.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
8,000 SF
Building Class
C
Year Built
1960
Price
£147,883
Price Per SF
£18
Tenancy
Single
Number of Floors
2
Building FAR
0.48
Lot Size
0.38 AC
Opportunity Zone
Yes
Zoning
Mixed Use - Mixed Use
Parking
11 Spaces (1.38 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 052-462-009-60 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £43,895 |
PROPERTY TAXES
Parcel Number
052-462-009-60
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£43,895
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113 N 1st St
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