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142 E Center Street

Ithaca, MI 48847
  • $249,900
  • STATUS: Active
  • ON SITE: 125 Days
  • ID#: 20230091260
UPDATED: 47 min ago
$249,900
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,198
    SQFT
  • $48
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1900
County:
Area:
Zoning:
Commercial
Lot Size Dimensions:
34x165

School Ratings & Info

School District:

Description

142 E Center in Ithaca presents a unique investment opportunity for those seeking versatility and potential in a bustling location where approximately 7,000 cars drive by daily. This three-story building has 4 total tenants for a combined monthly rental income of $2,000. The ground floor features a thriving restaurant, boasting a seating capacity of 118, 2 bathrooms, and all equipment included for immediate operation. The restaurant pays approximately $400/month in rent and the tenant pays all utilities on their own (water, gas, electric). The other half of the ground floor features a 2 room office with 1 bathroom at approximately $400/month. For this unit, the owner pays the utilities and the tenant reimburses. On one half of the 2nd level there is a 1 bed, 1 bath residential unit at approximately $600/month and the owner pays the utilities and the tenant reimburses. The other half of the 2nd floor features a tie-dye studio with 1 bath room at $400/month and the tenant pays all utilities on their own. The third and final floor is a photo studio at $200/month. All tenants are on month-to-month leases, allowing for adaptability and increased income potential. Taxes are estimated to be $3,500/year. Whether you're an investor or an entrepreneur, 142 E Center stands as an exciting opportunity in a prime Ithaca location! BTVAI

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IDX provided courtesy of Realcomp II Ltd. via Elite Home Advisors | Keller Williams Platinum and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Elite Home Advisors | Keller Williams Platinum are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-03-01T11:01:59.527.
www.mihomepropertysearch.com/homes/144774317
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142 E Center Street Ithaca, MI 48847

  • Price: $249,900
  • Status: Active
  • On Site: 125 Days
  • Updated: 47 min ago
  • ID#: 20230091260
0
Beds
0
Baths
0
½ Baths
0.13
Acres
5,198
SQFT
$48
$/SQFT
1900
Built
Neighborhood:
Ithaca
County:
Gratiot
Area:
Ithaca
School District:
Ithaca
Property Description
142 E Center in Ithaca presents a unique investment opportunity for those seeking versatility and potential in a bustling location where approximately 7,000 cars drive by daily. This three-story building has 4 total tenants for a combined monthly rental income of $2,000. The ground floor features a thriving restaurant, boasting a seating capacity of 118, 2 bathrooms, and all equipment included for immediate operation. The restaurant pays approximately $400/month in rent and the tenant pays all utilities on their own (water, gas, electric). The other half of the ground floor features a 2 room office with 1 bathroom at approximately $400/month. For this unit, the owner pays the utilities and the tenant reimburses. On one half of the 2nd level there is a 1 bed, 1 bath residential unit at approximately $600/month and the owner pays the utilities and the tenant reimburses. The other half of the 2nd floor features a tie-dye studio with 1 bath room at $400/month and the tenant pays all utilities on their own. The third and final floor is a photo studio at $200/month. All tenants are on month-to-month leases, allowing for adaptability and increased income potential. Taxes are estimated to be $3,500/year. Whether you're an investor or an entrepreneur, 142 E Center stands as an exciting opportunity in a prime Ithaca location! BTVAI
Exterior Features

Architecture Level 3 Story Construction Materials BrickOther Foundation Details Basement Foundation Materials Brick/Mortar Lot Size Dimensions 34x165 Road Frontage Feet 34 Road Frontage Type Paved Waterfront YN No

Interior Features

Building Area Source Prior Listing Commercial Utilities 3 Phase Power Heating Cooling Forced Air Heating Fuel Natural Gas Sq Ft Main 5198

Property Features

Assessment 0.00 Commercial Type Real Estate Only Existing Lease YN No Gross Scheduled Income 0.00 Inventory Included YN No Land Contract YN No Listing Financing CashConventional Net Operating Income 0.00 Operating Expense 0.00 Ownership Status Short Sale - NoPrivate Owned Possession Negotiable Postal City Ithaca Protection Period 120 Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 0.0000 Tax Amount Winter 0.0000 Title Standard (Private) Unparsed Address 142 E CENTER Street Water Source Public (Municipal) Zoning Commercial

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via KW Professionals: (734) 459-4700 and Realcomp, ©2024 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Elite Home Advisors | Keller Williams Platinum and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Elite Home Advisors | Keller Williams Platinum are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-03-01T11:01:59.527.
 
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Elite Home Advisors | Keller Williams Platinum
31525 23 Mile Rd
Chesterfield MI, 48047