114 Main Street S $359,900

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    114 Main Street S Eaton Rapids, MI 48827

    • 0.12 Acres
    • Commercial
    • MLS# 254590
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    Views: 44 Days On Site: 106

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    Property Details

    Terrific income opportunity in Eaton Rapids! This sale includes two historic buildings in the heart of the city with retail space and updated apartments, and better yet, all units are currently leased for the new owner to walk in and take over the current cash flow. The long standing retailer, Family Dollar, leases the 114 S Main in addition to the first floor of 110 S Main for storage. Above Family Dollar is over 6,000 soft of unfinished potential. This area was used as additional apartments. Dust off the cobwebs and let your imagination fill this space with endless possibilities for additional income. Beautiful, remodeled apartments fill out the 2nd and 3rd floors of 110 S Main. Both features updated kitchens/baths/flooring. This is a great oppertunity to own a piece of the Island City! Tax information shown is for 114 S. Main property only, please see attachments for additional information on 110 S. Main.

    • General Features
      • Subdivision None
      • Year Built 1905
      • Current Use Residence,Retail
      • County Eaton
      • Zoning Commercial
    • Building Features
      • ECO Friendly Features No
      • Exterior Brick
      • Fireplace Gas, One
    • Property Features
      • Sewer Public Sewer
      • Land Acreage Up to 1/4 Acre
    • Schools
      • School District Eaton Rapids

    Contact

    Missy Lord

    Missy Lord

    Licensed Realtor

    RE/MAX Real Estate Professionals

    Cell: 517-204-6279

    Neighborhood

    48827 (Eaton Rapids) Demographics

    42 Median Age
    143 Population Density (per sq. mile)
    28% College Educated
    $60,495 Estimated Median Income
    4,906 Estimated Total Home Owners
    1,190 Estimated Total Renters
    80% / 20% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    15,972 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $220,000 Median Sales Price
    31 Homes Sold
    43 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $359,900
        4/16/2021 10:50:00 PM New in Database Source: Multiple Listing Service New Value: $359,900

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. All information is deemed reliable but is not guaranteed.

        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.