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520 N Main St 21,780 SF 100% Leased Office Building Cheboygan, MI 49721 $649,500 ($29.82/SF)
Investment Highlights
- 21,780 square feet with 85% leased
- Zoned B-3 for general business use, suitable for various commercial services
- Excellent visibility and ample parking with 94 spaces
Executive Summary
Great investment opportunity 21,780 square foot office building 85 % leased, great visibility, ample parking with 94 spaces available, loading ramp, conference rooms, elevator, beautiful views of the Straits of Mackinac and Cheboygan River, property is zoned B-3, General Business use by the City of Cheboygan. A variety of commercial service, restaurant and tavern, governmental, hotel/motel and other ancillary use by special permit.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
21,780 SF
Building Class
C
Year Built
1950
Price
$649,500
Price Per SF
$29.82
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,260 SF
Building FAR
1.40
Lot Size
0.36 AC
Opportunity Zone
Yes
Zoning
C1 - Commercial
Parking
94 Spaces (4.32 Spaces per 1,000 SF Leased)
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520 N Main St
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