About This Home
This 0-bedroom, 0-bathroom commercial at 108 E Center Street in Ithaca, MI is listed for $299,900 ($22 per sqft). the home offers 13,632 sqft of living space on a 0.38 acres lot.
Key Features
- 0.38 acre lot
Fully occupied downtown Ithaca commercial investment property located at 108 E. Center Street, commonly known as The Village Shoppes. This distinctive brick commercial building was built in 1987 and features excellent downtown frontage, multiple tenant spaces, attractive common areas, and a unique interior "village street" layout with storefront-style suites.
The property totals approximately 13,600 square feet and is situated on a 100' x 165' lot. The building is currently 100% occupied with six tenant spaces and scheduled annual rent of approximately $65,600. Current tenants include a mix of office, retail, and service-oriented users.
The property is zoned Downtown Commercial and includes a standard elevator serving all floors. Street parking and nearby municipal parking are available. Utilities are landlord paid. Financial information, rent roll, and pro-forma are available in the listing documents.
Based on the seller's pro-forma, the property is being offered at an approximate 9% pro-forma cap rate. Seller financing or land contract terms may be considered. Buyer to verify all property information, square footage, leases, expenses, taxes, zoning, utility arrangements, permitted uses, and pro-forma assumptions.
Monthly Cost Estimate
$1,604/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
108 E Center Street
Ithaca, MI 48847
Features & Amenities
Exterior Features
Property Details
Construction
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 108 E Center Street is listed at $299,900 ($22/sqft). The estimated monthly payment is $1,603 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: 0.38 acre lot. Exterior Features: Block.
This property is listed by Ryan Smith and can be reached at 9897086850.