703 Frankfort Avenue $385,000

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    703 Frankfort Avenue Elberta, MI 49628

    Sold Co-op Member

    $385,000

    Market Estimate
    • 0.20 Acres
    • Commercial
    • MLS# 1846206
    703 Frankfort Avenue, Elberta, MI 49628
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    Listing provided courtesy of: REO-TCBeulah-Frankfort-233027: 57 N Michigan Ave, Beulah, MI
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    Property Details

    Description

    M 22, the iconic Michigan Highway and the Betsie Valley Trailhead location. Great income opportunity. Commercial building located in beautiful downtown Elberta, Michigan. This building has been completely renovated and has a 98% rental success rate. Now occupied are the three rental apartments upstairs the two vacant commercial spaces on the street level have endless opportunity. The four car garage on the south corner of the property is leased individually and fully occupied.

    • General Features
      • Licenses None
      • Included In Lease None
      • Business Incl No
      • Business Name --None--
      • Type of Ownership Private Owner
      • Approx Year Built 1863
      • Year Remodeled 2004
      • Type Retail/Commercial
      • Town T 26N
      • Township Gilmore
      • Present Use Other
    • Building Features
      • Extras 12ft Ceiling Height, Additional Buildings, Furniture/Fixtures, Overhead Door(s)
      • Foundation Slab
      • Heating Cooling Source Natural Gas
      • Roof Membrane, Metal
      • Heating Cooling Type Central Air, Forced Air, Hot Water
      • Apx Total Fin SQFT 5,395
    • Property Features
      • Water Municipal Water
      • Vacant Land No
      • Univs Design/Barrier Free Covered Entrance, Grab Bars, Main Floor Access, No Steps Entry, Raised Toilet, Widened Doors
      • Road Blacktop, Public Maintained
      • Sewer Municipal
      • % of Remodel 95
      • Parking Street Parking
      • Exterior Features Vinyl
      • Construction Frame
      • Lot Dimensions 75 X 115,7
      • Location Corner Lot

    Neighborhood

    49628 (Elberta) Demographics

    45 Median Age
    81 Population Density (per sq. mile)
    42% College Educated
    $72,614 Estimated Median Income
    66 Estimated Total Home Owners
    3 Estimated Total Renters
    96% / 4% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    190 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    0 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%
        11/17/2022 3:00:00 AM Sold Source: Multiple Listing Service New Value: $385,000
        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.