# 108 E Center Street, Ithaca, MI 48847

> **TL;DR:** commercial, $299,900 ($22/sqft), built 1987, 13,632 sqft.
> Basement. Est. $1,300/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $299,900 |
| Price/sqft | $22 |
| Square Feet | 13,632 |
| Year Built | 1987 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 1 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,300 |
| **Total** | **$1,300** |

## Key Amenities

- Basement

## Property Highlights

- Built in 1987

## Description

### Agent Description
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. No known exclusions. Buyer to verify all property information, square footage, leases, expenses, taxes, zoning, utility arrangements, permitted uses, and pro-forma assumptions.

## Location

- **Address:** 108 E Center Street, Ithaca, MI 48847
- **County:** Gratiot
- **Coordinates:** 43.291315, -84.606875
- **Google Maps:** https://www.google.com/maps?q=43.291315,-84.606875

## Listing Agent

- **Name:** Ryan Smith
- **Brokerage:** II GEMINI, LLC
- **Phone:** 9897086850
- **Email:** ryan@geminicapitalmgt.com

## Primary Photo

![108 E Center Street - Primary Photo](http://lh.rdcpix.com/47428ff2b928025372fea1d70f4e64c6l-f3413535945r.jpg)

*23 total photos available on [listing page](https://www.propertysimple.com/listing/108-e-center-street-ithaca-mi-48847-1946110)*

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**MLS#:** 1946110 | **Updated:** 2026-06-17
**Source:** listhub

*Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/108-e-center-street-ithaca-mi-48847-1946110)

---

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