1.076 Acres in the heart of North Side. Located at the signalized intersection of Hamilton Avenue and Blue Rock Street with frontage on all sides. Completely surrounded by new development and the thriving North Side business district. Don’t miss out on this rare opportunity.
Currently, two buildings totaling 17,000+ SF are situated on the property. Existing business has occupied the property for a decade and then some. Also included in the sale is a free standing, leased bank ATM.
Property lease is $4,750 / month and expires September 2022.
ATM lease has been in place since 2015. Lessee currently pays $637.50 / month and has committed to their second renewal term, expiring May 31, 2021. Three one-year renewal options remain, with built in 2% rent increases each year.
While the receiver sale is free and clear of all liens and encumbrances, including both leases, both tenants wish to remain at the property. The purchaser may wish to assume one or both leases, or can request to purchase the property unencumbered.
Great location with easy access to major highways US-127, I-74, and I-75. The property is currently zoned ML (Manufacturing Limited). ML zoning permits many different uses and zoning change could be a possibility as well. Please see attachment for more details.
