122 S Main Street, Vicksburg, MI 49097 (MLS# 22011402)

122 S Main Street, Vicksburg, MI 49097

$240,000

Property Type: Commercial Sale Baths: 2 Square Footage: 2,532 Lot Size (sq. ft.): 3,049 Status: Sold

Current Price: $240,000 List Date: 4/06/2022 Last Modified: 12/20/2024

Overview

Description

INVESTMENT Opportunity in the Village of Vicksburg. Live and work downtown! The retail space is ready for the next business opportunity. Previous rent was $550/mo with 846 sqft finished storefront area. Other adjacent properties are renting for much more. There is one apartment on the second floor with a month to month tenant interested in staying if the new owner desires. Current rent is $555/mo for unit 2. There is a large garage and parking in the lot behind the building for multiple vehicles. Two new windows on the front of the second floor, Newer 3 panel electric service, furnace 10-12 years old, newer hot water heaters, within the last 4 years. The building has a ton of potential as much of the space is not currently utilized. With some renovations the new owners could have a min

Supplements: of 2 additional spaces to rent out. Property Sold As Is/No Seller Repairs.

Listing Details MLS# 22011402

Location Property Info

County: Kalamazoo
Street #: 122
Street Direction: S
Street Name: Main
Suffix: Street
State: MI
Zip Code: 49097
Zip (4): 1278

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 0.07
Lot Square Footage: 3049
Lot Dimensions: 24' x 120' est. per twp
Year Built: 1900
Road Frontage: 24
Mineral Rights: Unknown
Total # Units: 2
# Fin Bldg Lvls: 2
Total # Bldgs: Yes
Total SqFt: 2532
Property Use Type: Investment
Full Baths: 4
Total Baths: 2
Waterfront: No
School District: Vicksburg

Tax Info

Tax ID #: 14-13-440-150
Taxable Value: 32882
SEV: 59500
For Tax Year: 2022
Seller's Annual Property Tax: 2107.8
Tax Year: 2021
Spec Assessment & Type: unknown
Homestead %: 0

Remarks Misc

Directions: Portage Road South to Vw Ave, East to Main St, then south

Status Change Info

Under Contract Date: 2022-04-19
Sold Date: 2022-06-23
Sold Price/SqFt: 94.79

More Information

Income and Expenses

Annual Maint ($): 1764
Annual Prop Ins ($): 1187
Annual Utilities ($): 2526
Net Operating Income: 5921
Total Actual Rent: 18694
Operating Expense: 12223
Annual Mgt Fees ($): 0

Location & Property Info

Cross Streets: W Washington St & E Prairie St
Property Sub-Type: Retail
Area: Greater Kalamazoo - K
Municipality: Vicksburg Vllg

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 93.21
Prop Avail for Lease?: No
Current Bldg Use: Retail space in 1st level/apt on 2nd

Remarks & Misc

Legal: on file

Street Type

Public: Yes

Property Use

Business: Yes
Investment: Yes

Utilities Attached

Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Uses

Professional/Office: Yes
Retail: Yes
Storage: Yes

Construction Type

Block: Yes

Exterior Material

Block: Yes

Roofing

Rubber: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Ownership

Proprietorship: Yes

Below Grade

Basement: Yes
Full: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Wall Unit(s): Yes
Window Unit(s): Yes

Business Includes

Real Estate: Yes

Additional Features

Expandable: Yes
Multi User Facility: Yes

Util Avail at St

Cable Available: Yes
Electricity Available: Yes
Natural Gas Available: Yes
Phone Available: Yes
Storm Sewer: Yes

Tenant Pays All

Electric: Yes
Gas: Yes

Driveway

Concrete: Yes
Gravel: Yes

Purchase Terms Avail

Cash: Yes
Conventional: Yes

Possession

Negotiable: Yes

Property Features

Property Use: Business; Investment Uses: Professional/Office; Retail; Storage Ownership: Proprietorship Business Includes: Real Estate Construction Type: Block Exterior Material: Block Roofing: Rubber Below Grade: Basement; Full Additional Features: Expandable; Multi User Facility Tenant Pays All: Electric; Gas Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at St: Cable Available; Electricity Available; Natural Gas Available; Phone Available; Storm Sewer Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Wall Unit(s); Window Unit(s) Driveway: Concrete; Gravel Street Type: Public Purchase Terms Avail: Cash; Conventional Sale Conditions: None Possession: Negotiable

Listing Office: Evenboer Walton, REALTORS

Listing Agent: Jennifer L Valente

Last Updated: December - 20 - 2024

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