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Redevelopment Opportunity - Reed City MI 842 S Chestnut St 2,511 SF Retail Building Reed City, MI 49677 $179,000 ($71.29/SF)
Investment Highlights
- 2nd Generation Restaurant Space
- Owner-User Oppurtunity with Plenty of Parking
- Priced Below Replacement Cost
Executive Summary
We are pleased to offer this vacant restaurant property, a former Pizza Hut. The property provides an opportunity for redevelopment or an owner/user. The property consists of 0.8 Acres with a restaurant building consisting of over 2,511 SF. The property was built in 1977 and has gone through various remodels over the years.
Financial Summary (Pro Forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$55,000
|
$21.90
|
Financial Summary (Pro Forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $55,000 |
| Annual Per SF | $21.90 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,511 SF
Building Class
C
Year Built
1977
Price
$179,000
Price Per SF
$71.29
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.80 AC
Parking
32 Spaces (12.74 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Restaurant
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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Redevelopment Opportunity - Reed City MI | 842 S Chestnut St
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