MLS# 50131938 Property Type: Commercial/Industrial Active
Prime Third Street location, great rental history, fully remodeled = fabulous investment opportunity! The occupied main level business has 18 months remaining of a 5 year lease with an option to renew for two more 5 year terms. Rent increases shown in Assoc. Docs. This space offers everything a fast food business desires with modern updated interior, entry from rear parking, high visibility on popular Third St, near NMU, drive-thru, along with access to a dry full basement for product storage. The upstairs was once 2 apartments and now a beautifully remodeled 4 bedroom, 2 full bath apartment with a private deck that is a favorite summer amenity to this spacious apartment. Tenants pay utilities, except for water/sewer. New apartment tenant begins May 1st, 1 year lease at $2,000/mo. Building has new windows and rubber roof.
Listing Provided Courtesy of DARLENE MARTIN - SELECT REALTY