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542 State Road $399,000

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542 State Road Vassar, MI 48768

Sold
SOLD 10/25/2019

$399,000

  • 7,708 sq. ft.
  • 1.23 Acres
  • Commercial Sale
  • MLS# 21522047
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Property Details

Opportunity to own small strip mall, approximately 7700 sq ft., on prime corner lot on M15 just north of Millington in Vassar. High visibility & traffic area, next to Central Shoprite Grocery. Currently home to IVY Pizza & Video, State Farm Insurance, and empty remodeled unit just waiting for tenant. Building was totally remodeled in 2007, features separately metered units, to include air conditioning. Asphalt parking, 20+. Land contract terms available to qualified buyer. Great rental income.

  • General Features
    • Ownership Private
    • New Construction Completed
    • County Tuscola
    • Area Municipality 79040
    • Acreage 1.23
    • Waterfront Y/N No
    • Year Built 1950
    • Originating MLS East Central Association
  • Building Features
    • Roofing Other-See Remarks
  • Property Features
    • Water Public Water
    • Sewer Septic Public Sanitary
    • Parking 6-10 Spaces
    • Lot Size 215 x 250

Neighborhood

48768 (Vassar) Demographics

39 Median Age
91 Population Density (per sq. mile)
23% College Educated
$42,660 Estimated Median Income
2,929 Estimated Total Home Owners
808 Estimated Total Renters
78% / 22% Estimated Owner / Renter Divide
2 Estimated Average Household Size
9,490 Total Population
Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$98,900 Median Sales Price
1 Homes Sold
22 New On Market

Average Days on Market

    Properties for Sale

      Property History

      Date Event Price Percent Change
      -- New in Database Source
      10/25/2019 3:00:00 AM Sold Source New Value: $399,000
      *This Payment Calculator is intended for educational and planning purposes only.
      **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.
      Information is provided in part by the IDX program of the MI Realsource Michigan Multiple Listing Service. All information provided is deemed reliable but is not guaranteed and should be independently verified.

      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.