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316 N Mission St
Mount Pleasant, MI 48858
Mission Plaza | Mixed-Use Asset Opportunity · Retail Property For Sale

Investment Highlights

  • 316 N Mission Street is a 15,900 SF mixed-use asset with eight commercial units and three residential units in Mount Pleasant, Michigan.
  • Fantastic investment opportunity to acquire a cash-flowing, mixed-use asset with immense value-add upside through space conversion.
  • Leased to excellent recession-proof, service-industry tenants.
  • Located on a prominent corner lot near Central Michigan University, a public college with more than 20,000 students.
  • Mission Plaza boasts recent HVAC, interior, and roof awnings updates.
  • High visibility along the Mission Corridor, seeing over 20,000 vehicles daily.

Property Facts

Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
15,900 SF
Building Class
C
Year Built/Renovated
1945/2020
Percent Leased
82%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.61
Lot Size
0.60 AC
Parcel Number
17-000-09-693-00
Zoning
CD-4
Parking
46 Spaces (2.89 Spaces per 1,000 SF Leased)
Frontage
257’ on E Lincoln St

Amenities

  • Pylon Sign
  • Air Conditioning
  • Listing ID: 28465561

  • Date on Market: 5/11/2023

  • Last Updated:

  • Address: 316 N Mission St, Mount Pleasant, MI 48858

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