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701 N Teal Lake Ave 3,864 SF 100% Leased Office Building Negaunee, MI 49866 $275,000 ($71.17/SF)
Investment Highlights
- Prime Negaunee Location
- Versatile Property with so much Potential
- Multiple Parking Areas
Executive Summary
Great investment opportunity in a prime Negaunee location! Situated near US 41 on one of the city’s most traveled roads, this propertyoffers excellent visibility and convenience for a variety of business ventures. The 3,864 square foot building is thoughtfully divided,featuring three suites on one side and two on the other—each with its own entrance. Two parking areas provide ample space for bothstaff and customers. Additional features include air conditioning throughout and a spacious basement ideal for storage. Whether you'relooking to expand your business, open a new location, or generate rental income by leasing out units, this is a versatile property withstrong potential. Don’t miss this opportunity to grow your investment portfolio in the city of Negaunee!
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,864 SF
Building Class
C
Year Built
1967
Price
$275,000
Price Per SF
$71.17
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,864 SF
Building FAR
0.12
Lot Size
0.74 AC
Zoning
C-1 - Commercial
Parking
2 Spaces (0.52 Spaces per 1,000 SF Leased)
1 1
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 52-53-030-002-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $146,300 |
Property Taxes
Parcel Number
52-53-030-002-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$146,300
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701 N Teal Lake Ave
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