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Michigan Works 199 N Michigan Ave 4,230 SF Office Building Shelby, MI 49455 $240,000 ($56.74/SF)
INVESTMENT HIGHLIGHTS
- Downtown Frontage
- Public parking front and back
- Option to be 2 separate buildings
EXECUTIVE SUMMARY
Triple Net lease through 12/25, tenant has option for 2 year renewal.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
4,230 SF
Building Class
C
Year Built/Renovated
1900/2015
Price
$240,000
Price Per SF
$56.74
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
4,230 SF
Building FAR
0.75
Lot Size
0.13 AC
Zoning
C-1 - Commercial use
AMENITIES
- Air Conditioning
1 1
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $117,500 (2025) | |
| Land Assessment | $3,700 (2025) | Total Assessment | $121,200 (2025) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,700 (2025)
Improvements Assessment
$117,500 (2025)
Total Assessment
$121,200 (2025)
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Presented by
Wickstra Realty, Inc.
Michigan Works | 199 N Michigan Ave
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