107 E State Street $250,000

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    107 E State Street Mancelona, MI 49659

    Closed
    SOLD 8/30/2021

    $250,000

    Market Estimate
    • 20,400 sq. ft.
    • Commercial
    • MLS# 321265
    107 E State Street, Mancelona, MI 49659
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    Listing provided courtesy of: DEK REALTY
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    Property Details

    Description

    Business opportunity of a lifetime! This 20,000+ square foot building is located in the heart of northern Michigan, on the corner of high traffic US-131 and M-88. An average of 9000+ cars pass through this intersection daily and this has increased 33% in the past year. This cornerstone building of Mancelona has 3 stories and the possibilities are endless for a creative entrepreneur. It is the perfect place for a much-needed bar/restaurant. There is also the possibility of retail, office and/or multiple apartments in an area with a shortage of rental housing. This building is located in an ''Opportunity Zone'' which offers investors a special break on taxes and capital gains. This historic gem was built in 1908, and has had multiple uses over the years. The main building was a PNC bank

    • General Features
      • Type Business Op
      • Business Information Business Opportunity,Real Estate Only
      • Year Built 1908
      • SqFt. Total 20,400
      • Extras High Visibility, Restroom (s), Storage
      • Subdivision T30N R6W
      • County Antrim
    • Building Features
      • Construction Block, Brick, Concrete Block
      • Basement Block Foundation, Full Basement, Partial Finish, Poured Concrete Fnd, Stone Foundation
      • Accessibility 36 in eq/+ Hallway, 36 in Entrance Door, No-Step Entrance
      • Heating/Air Conditioning Central Air,Forced Air,Hot Water,Natural Gas
    • Property Features
      • Lot Size irregular174x100x150x50
      • Parking Parking Lot, Paved, Street Parking
      • Road Blacktop
      • Driveway Concrete
      • Internet Access Cable
      • Electric Master
      • Sewer Municipal
      • Water Master,Municipal
      • Gas Master
    • Schools
      • School District Mancelona

    Neighborhood

    49659 (Mancelona) Demographics

    44 Median Age
    42 Population Density (per sq. mile)
    22% College Educated
    $46,569 Estimated Median Income
    2,478 Estimated Total Home Owners
    369 Estimated Total Renters
    87% / 13% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    6,988 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $270,000 Median Sales Price
    12 Homes Sold
    12 New On Market

    Average Days on Site

      Properties for Sale
        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        8/30/2021 3:00:00 AM Sold Source: Multiple Listing Service New Value: $250,000
        The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than the firm which owns this website are marked with the WWLX logo and the detailed information about said listing includes the listing office. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor the broker which owns this website shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. WWLX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Water Wonderland MLS, Inc © All rights reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.