615 Beardsley Road $305,000

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    615 Beardsley Road Boyne City, MI 49712

    Sold In House

    $305,000

    Market Estimate
    • 1.95 Acres
    • Commercial
    • MLS# 1884732
    615 Beardsley Road, Boyne City, MI 49712
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    Listing provided courtesy of: Three West, LLC: 1131 E. Eighth Street, Traverse City, MI
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    Property Details

    Single tenant Boyne City office building in business park setting offers an excellent investment opportunity with an 8% cap rate. Longer term upside with current rents well below market. Stable long-term tenant with a lease expiring 9/30/21 and two options to renew for one year each. List price well below replacement cost and assessed value. On a 2 acre parcel with room to expand or add another building with potential for lot split. Includes three restrooms, full kitchen, washer/dryer hookup, and covered driveway entrance. Works well for future office, medical, daycare, church, community center or similar uses. If needed, building could readily be split into two tenant spaces. Regional Commercial/Industrial District zoning allows for variety of uses including retail and restaurant with drive-through allowed.

    • General Features
      • Licenses None
      • Included In Lease None
      • Business Incl No
      • Business Name none
      • Type of Ownership Private Owner
      • Approx Year Built 1994
      • Type Income
      • Town T 33N
      • Township Boyne City
      • Present Use Adult Foster Care,Day Care Facility,Educational,Medical/Dental,Office Building,Religious,Service
    • Building Features
      • Extras None
      • Foundation Slab
      • Heating Cooling Source Natural Gas
      • Roof Asphalt
      • Heating Cooling Type Central Air, Forced Air
      • Apx Total Fin SQFT 5,000
    • Property Features
      • Water Municipal Water
      • Vacant Land No
      • Univs Design/Barrier Free Covered Entrance, No Steps Entry
      • Road Public Maintained
      • Sewer Private Septic
      • Parking Parking Lot
      • Exterior Features Vinyl
      • Construction Frame
      • Lot Dimensions 1343 X 63
      • Location Business Park, Inside Lot

    Neighborhood

    49712 (Boyne City) Demographics

    48 Median Age
    98 Population Density (per sq. mile)
    46% College Educated
    $61,211 Estimated Median Income
    3,052 Estimated Total Home Owners
    601 Estimated Total Renters
    84% / 16% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    8,015 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $312,000 Median Sales Price
    12 Homes Sold
    11 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%
        9/9/2021 3:00:00 AM Sold Source: Multiple Listing Service New Value: $305,000
        The data relating to real estate for sale on this web site comes in part from the Internet Data exchange ("IDX") program of Northern Great Lakes REALTORS MLS. All information is provided exclusively for the 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.

        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.