310 N Michigan Ave, Big Rapids MI
Downtown Retail Building (10,500 SF) & 50 Space Parking Lot (Owner Financing Available)
Marketing description
**Seller offering financing/land contract terms. 20% Down, 8% Interest, 20 yr Amortization with a 5-year Balloon payment**
The building offers an owner/user or investor the opportunity to acquire a larger retail building and 50 space parking lot in the Downtown Big Rapids area. The building has been previously used as both a Sears & Roebuck location and as a grocery store. The building has been well maintained, and a new roof was recently installed. Previous tenant installed a new HVAC system and upgraded plumbing and electrical services.
Investment highlights
Seller offering financing/land contract terms. 20% Down, 8% Interest, 20 yr Amortization with a 5-year Balloon payment.
Abundant Parking: Includes a dedicated 50-space private parking lot, a rare and high-value asset in Downtown Big Rapids.
Proven Retail History: Successful retail location with a legacy of high-traffic tenants (formerly Sears & Roebuck and more recently a grocery store).
Turn-Key Infrastructure: Recently installed roof and upgraded HVAC, plumbing, and electrical systems.
Modern Interior Build-Out: Features a redesigned Main Street entrance, professional conference space, and multiple private offices/storage areas.
Multi-Tenant Potential: Intelligently designed for easy division into up to three separate units to maximize rental income.
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