429 N State Street, BIG RAPIDS

$269,900

0 Beds
2 Baths
1,996 Sqft
.37 Acres
0 Garages

Welcome to this unique business opportunity of owning two investment properties in one! Two family home(red 1-1/2 story) and a restaurant business on the same property. Restaurant building is currently leased as sandwich shop offering dining, take out, or delivery service.(under lease until 2024 with buyout options available.) Two family rental home offers upstairs unit with 1BR/1BA/Kitchen and downstairs with 3 BR/1BA/Kitchen. Current lease expires 7/31/2020. Very good rental history and occupancy with both units. Many updates to both units including, roof, siding, windows, electrical, water heaters, rain gutters, front porch, furnace(restaurant), insulation, appliances (apt.) and more! 12x18 storage garage included. Tenant pays water/sewer, mowing, snowplowing, and garbage service

Essential Information
MLS® #20049290
Price$269,900
Bathrooms2.00
Full Baths1
Square Footage1,996
Acres0.37
Year Built1920
TypeCommercial
Sub-TypeBusiness Opportunity
StyleAvailable
StatusActive
Community Information
Address429 N State Street
AreaW78
SubdivisionBIG RAPIDS
CityBIG RAPIDS
CountyMecosta
StateMI
Zip Code49307
Features

BarrierFree Features, Security System

Interior
HeatingForced Air
CoolingCentral, Wall Unit
# of Fireplaces2
# of Stories2
Has BasementYes
BasementBasement, Partial
Exterior
Lot Description102' x 159'
RoofComp Shingle
ConstructionBlock, Concrete, Frame/Wood
Exterior

Vinyl, Brick/Stone, Poured Concrete

School Information
DistrictBIG RAPIDS
Elementary102' x 159'
Middle

French's Addition - Blk 11, the N 1/2 of lot 11 & Entire Lot 12.

Additional Information
Zoning201 Commercial
Utilities Attached

Electric, Natural Gas, Telephone, Cable

Financial Details
Annual Property Tax$9,745
Auction or For SaleFor Sale
Tax Year2020
Mineral RightsAvailable
PossessionClose Plus 30 Days
Sale ConditionsNone
SEV171600.00
Spec Assessment & TypeNone
Tax ID #541710437011
Taxable Value159835.00
Terms AvailableCash, Cash/Conventional
Listing Details
Listing AgentKurt E Baird
Listing OfficeCentury 21 Affiliated (GR)
LISTING MAP

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Listing information last updated on January 25th, 2021 at 8:00am EST.