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102 W Mill St 1,450 SF Specialty Building Offered at $249,995 at a 7.32% Cap Rate in Capac, MI 48014
Investment Highlights
- 6.5 years of Guaranteed Rent by USPS
- Busy Downtown Location
Executive Summary
USPS post office located in Capac, MI. Leased thru 2/28/28 and then USPS has already exercised the next 5 year option thru 2/28/33! Guaranteed Rent for the next 6.5 years. This post office has a USPS Tax rider and a USPS Maintenance rider. USPS will be moving from this location as they need more space and has the right to sublease space as long as they are responsible for it. Busy downtown location. Ron 317-418-7711
Property Facts
| Price | $249,995 | Building Class | C |
| Price Per SF | $172.41 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 1,450 SF |
| Cap Rate | 7.32% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1958 |
| Property Subtype | Post Office | Parking Ratio | 4.14/1,000 SF |
| Zoning | VILLAGE - Commercial Zoning. | ||
| Price | $249,995 |
| Price Per SF | $172.41 |
| Sale Type | Investment |
| Cap Rate | 7.32% |
| Property Type | Specialty |
| Property Subtype | Post Office |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 1,450 SF |
| No. Stories | 1 |
| Year Built | 1958 |
| Parking Ratio | 4.14/1,000 SF |
| Zoning | VILLAGE - Commercial Zoning. |
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Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 40-950-0203-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $50,900 |
Property Taxes
Parcel Number
40-950-0203-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$50,900
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102 W Mill St