Listed by Coldwell Banker Commercial Schmidt Realtors
$449,900
310 N Michigan Ave, Big Rapids MI
Details
Property Type Retail
Sub Type Storefront, Free Standing Building
Square Footage 10,500
Tenancy Vacant
Price per SqFt $43
Year Built 1955
Year Renovated 2024
Acreage 0.600
Zoning Commercial
Parking Spaces 50 spaces
Parking per 1,000 SqFt 4.76
Investment Type Owner/User
Downtown Retail Building (10,500 SF) & 50 Space Parking Lot (Owner Financing Available)
Marketing description
Coldwell Banker Commercial, Schmidt Realtors is pleased to offer for Sale a retail building located on North Michigan Avenue in Big Rapids, Michigan. 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 & Robuck 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 both plumbing and electrical services.
**Seller offering owner financing/land contract terms. 20% Down, 8% Interest, 20 yr Amortization with a 5 year Balloon payment. Buyer responsible for taxes and insurance.**
Investment highlights
- Owner financing/land contract terms: 20% Down, 8% Interest, 20 yr Amortization with a 5 year Balloon payment. Buyer responsible for taxes and insurance.
- Seller offering owner financing/land contract terms. 20% Down, 8% Interest, 20 yr Amortization with a 5 year Balloon payment. Buyer responsible for taxes and insurance.
- Abundant Parking: Includes a dedicated 50-space private parking lot, a rare and high-value asset in Downtown Big Rapids.
- Prime Geographic History: Proven retail location with a legacy of high-traffic tenants (formerly Sears & Roebuck and grocery
- 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.
Listing Contacts
Listed by Coldwell Banker Commercial Schmidt Realtors
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Zoning
C-2 CommercialRetail CommercialCommercial District
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