About This Restaurant
Investment Highlights
Six Lots Included 220 Electric Partial New Roof 4 years ago Entire Triangle of 1641 E Main to S 17th St and Silverbrook 10' Overhang Door with 15' Ceilings
Executive Summary
Location! Location! Location! This property comes with SIX lots located on a HIGH TRAFFIC location. These lots cover the ENTIRE triangle of 1641 E. Main, to S 17th St, and Silverbrook. The building is currently being used as an established automotive business with return valued customers. The main building has a 10' overhang door with 15' ceilings. Partial new roof 4 years ago. 220 Electric. Many others uses for any business desiring high visibility. Opportunity is knocking for your next great business adventure! Equipment is not included in the sale. Tax amount is for all 6 lots.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Fast Food General Retail Freestanding Restaurant
- Building Size 17,530
- Building Class B
- Year Built/Renovated 1973/2005
- Price 5,200,000
- Price Per SF 297
- Cap Rate 6.25
- NOI 325,020
- Percent Leased 100
- Tenancy Multiple
- Building Height 3 Stories
- Building FAR 1.92
- Land Acres 0.21 AC
Property Taxes
| Parcel Number | 11-73-8790-0341-00-1 11-14-0036-0007-00-3 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $76,600 |
| Date Created: | 2024-07-16 04:16:18 | Last Updated: | 2024-07-16 04:16:18 |
| Address: | 1641 E Main St , Niles, Michigan, 49120 | ||