252 & 272 Bell Ave | 252 Bell Ave
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252 & 272 Bell Ave 252 Bell Ave
10,600 SF Retail Building Cadillac, MI 49601 £391,650 (£37/SF) 14.20% Net Initial Yield
Executive Summary
Two commercial buildings on 1.05 acres. 252 Bell Ave is 5,000 sqft consisting of retail space, office, and a 17' x 20' heated storage/receiving garage. 272 Bell Ave is 5,600 sqft consisting of 2 private offices, reception, open office area, restroom and a hair salon. Year built is not know and is estimated. Most data from 2021 appraisal.
Financial Summary (Pro forma - 2021) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2021) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,600 SF
Building Class
B
Year Built
1990
Price
£391,650
Price Per SF
£37
Net Initial Yield
14.20%
NOI
£55,597
Tenancy
Single
Number of Floors
1
Loading Docks
1 Exterior
Building FAR
0.23
Lot Size
1.05 AC
Zoning
Commercial - Commercial
Parking
43 Spaces (4.06 Spaces per 1,000 SF Leased)
Frontage
251 ft on Bell Avenue
Amenities
- Signage
- Accent Lighting
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £0 (2024) | |
| Land Assessment | £0 (2024) | Total Assessment | £170,446 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£0 (2024)
Improvements Assessment
£0 (2024)
Total Assessment
£170,446 (2024)
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252 & 272 Bell Ave | 252 Bell Ave
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