Downtown Mixed-Use Plaza
Mixed Use | 7,599 SqFt
Marketing description
Shopping plaza consisting of 4 commercial spaces, 2 residential apartments and 2 storage bays in downtown location. Separate heat & electric for each unit. The main level commercial spaces include a 4000 sq. ft. convenience store (currently encompassing 2 spaces), a salon, a food service company, a 500 sq. ft. heated storage/warehouse space with a 10x10 overhead door and a 6x10x10 storage space for additional income. Upgrades made in the last 15 years include a 600 amp electrical service, updated furnaces/hot water tanks/central air in convenience store. Building was updated with new commercial doors/windows, and a roof. The upstairs, 2-bedroom apartments were also renovated. Apartments are under rented and potential rental income can be higher. Maintenance expenses are low as the property has no grass to be maintained. Owner pays snow removal & water/sewer. All tenants are responsible for their own trash removal.
Investment highlights
Mixed-use plaza with 4 commercial spaces, 2 apartments, and 2 storage bays
Prime downtown location at Main & Union
Separate heat and electric for each unit
4,000 sq. ft. convenience store (2 units combined)
Includes salon, food service space, and two storage/warehouse units
Major updates: 600 amp electrical, furnaces, hot water tanks, central air, new doors/windows, and roof
Two renovated 2-bedroom apartments with income growth potential
Low maintenance — no lawn care; owner covers snow removal & water/sewer
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