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851-857 Penniman Ave 3,100 SF Retail Condo Unit Offered at $1,495,000 in Plymouth, MI 48170
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 8.36% |
| Sale Type | Investment |
| Cap Rate | 8.36% |
Description
1st floor Retail Commercial Condo unit.
Sale Notes
Rare opportunity to purchase investment real estate in downtown Plymouth. The opportunity is a purchase of a commercial condo unit street level building part of a mix used building with luxury condos. Located with convenient street parking and parking deck in the rear. Property includes an operating salon with 20 stations established for 20 years. The building to be purchased with the business or re-tenanted with long term lease terms. Own a piece of the Plymouth business district nationally recognized for its downtown success..
Property taxes $18,377
Property taxes $18,377
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 857 | 3,100 SF | Retail | $1,495,000 ($482.26/SF) | $124,982 |
Unit 857
| Unit Size |
| 3,100 SF |
| Condo Use |
| Retail |
| Price |
| $1,495,000 ($482.26/SF) |
| NOI |
| $124,982 |
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Unit 857
| Unit Size | 3,100 SF |
| Condo Use | Retail |
| Price | $1,495,000 ($482.26/SF) |
| NOI | $124,982 |
| Sale Type | Investment |
| Cap Rate | 8.36% |
| Description | |
| 1st floor Retail Commercial Condo unit.</li></ul> | |
| Sale Notes | |
| Rare opportunity to purchase investment real estate in downtown Plymouth. The opportunity is a purchase of a commercial condo unit street level building part of a mix used building with luxury condos. Located with convenient street parking and parking deck in the rear. Property includes an operating salon with 20 stations established for 20 years. The building to be purchased with the business or re-tenanted with long term lease terms. Own a piece of the Plymouth business district nationally recognized for its downtown success.. <br> <br> <br> Property taxes $18,377</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 26,700 SF | Floors | 3 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 3,133 SF |
| Property Subtype | Apartment | Year Built | 2006 |
| Building Class | B | Lot Size | 0.21 AC |
| Zoning | B-2 - Downtown Business District | ||
| Total Building Size | 26,700 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 3,133 SF |
| Year Built | 2006 |
| Lot Size | 0.21 AC |
| Zoning | B-2 - Downtown Business District |
Amenities
Site Amenities
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 9 | - | - |
Moderately walkable
70/100
Moderately drivable
70/100
Moderately bikeable
60/100
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Matterport 3D Exterior
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Photos
Street View
Street
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851-857 Penniman Ave
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