68050 S Main Street Active Save Request In-Person Tour Request Virtual Tour
Richmond,MI 48062-1332
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 1,520 sqft
Price per Sqft $171
Subdivision Mi
MLS Listing ID 50158637
Year Built 1905
Lot Size 0.270 Acres
Acres 0.27
Lot Dimensions 78x155
Property Description
*For Sale: Income-Producing 3-Bedroom Rental Home – $259,999** More than one excellent investment opportunity awaits with this income-producing rental home located next to Dairy Queen in downtown Richmond. This 3-bedroom, 1-bathroom property was formerly a successful live/work space for a massage therapy provider that served the community for nearly 20 years. The current tenants wish to remain, offering immediate rental income potential, or you can reclaim the property and transform it into your own live/work space. With endless potential and flexibility, this property is also available as part of a redevelopment package with two neighboring businesses, offering a total of 183’ of prime Main Street frontage that capture l 25,000 daily passing vehicles (DPD), this location is ideal for future growth and business opportunities as a mixed-use property. Ask about State of Michigan grants for development of housing in growing rural development zones. Don’t miss this rare opportunity to invest in both residential and commercial potential! Offered at just $259,999.
Location
State MI
County Macomb
Area Richmond (50032)
Zoning 1-2 Multi,Commercial
Interior
Heating Forced Air
Cooling Central A/C
Exterior
Garage Parking Lot
Waterfront No
Roof Type Shingles
Building
Foundation Basement
Water Public Water
Others
Ownership Private
Financing Cash,Commercial Loan,Land Contract