$249,900
Active
203 Days Online
0 Beds0 Baths5,198 SQFT
Active

142 E CENTER Street Ithaca, MI 488471

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142 E Center in Ithaca presents a unique investment opportunity for those seeking versatility and potential in a bustling location where approximately 7, 000 cars drive by daily. This three-story building has 4 total tenants for a combined monthly rental income of $2, 000. The ground floor features a thriving restaurant, boasting a seating capacity of 118, 2 bathrooms, and all equipment included for immediate operation. There is a new AC upstairs as of 2024 and a new furnace downstairs as of 2024 as well! The restaurant pays approximately $400/month in rent and the tenant pays all utilities on their own (water, gas, electric). The other half of the ground floor features a 2 room office with 1 bathroom at approximately $400/month. For this unit, the owner pays the utilities and the tenant reimburses. On one half of the 2nd level there is a 1 bed, 1 bath residential unit at approximately $600/month and the owner pays the utilities and the tenant reimburses. The other half of the 2nd floor features a tie-dye studio with 1 bath room at $400/month and the tenant pays all utilities on their own. The third and final floor is a photo studio at $200/month. All tenants are on month-to-month leases, allowing for adaptability and increased income potential. Taxes are estimated to be $3, 500/year. Whether you're an investor or an entrepreneur, 142 E Center stands as an exciting opportunity in a prime Ithaca location! BTVAI

  • Property TypeCommercial
  • NeighborhoodIthaca
  • CountyGratiot
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site203 Days
  • MLS StatusActive
  • MLS ID Number60267107
  • Home Size Source N/A
  • Year BuiltN/A
  • Lot Size0.13 Acres
  • Full BathsN/A
  • Partial BathsN/A

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