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92 E Michigan Ave 6,840 SF 100% Leased Retail Building Galesburg, MI 49053 $850,000 ($124.27/SF)

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Executive Summary

This sale includes both 92 & 100 E Michigan Avenue, Galesburg, Michigan (Parcel #'s 07-24-226-121& 07-24-226-281). A truly unique opportunity in the heart of downtown Galesburg. This offering includes two parcels spanning +/- 6.85 acres and two buildings totaling +/- 11,508 SF at 92 & 100 E. Michigan Avenue. The main building is currently operating as Gull Lake Distillery, which occupies half the building, with the remaining half presenting an opportunity to lease separately and generate additional income. That remaining space is ready for revitalization and includes a one of a kind second floor bowling alley with tremendous character and history. The rear industrial building features two loading docks, a drive-in door, and an insulated warehouse previously used for ice cream storage, making it well suited for cold storage or similar operations. Business and equipment are not included in the sale. The current owner is willing to sign a long term lease of 3 to 5 years with the sale, providing immediate income and stability for the next owner. Parcel is partially affected by flood plain and wetlands. See agent for more details.