1424 M-89

Retail: Gas Station

1424 M-89, OtsegoMI 49078

Property Details

Location

Address
1424 M-89, OtsegoMI 49078
County
Allegan
Submarket
Parcels
17-023-023-00

Building Size

Building Size
Rentable Space
1,400 SF

Building Details

Type
 Retail: Gas Station
Number of Buildings
Occupancy Type
Single Tenant
Percent Occupied
100%
Building Class
Building Status
Existing
Floors
Year Built
Sprinklers
Parking Ratio

Land & Utilities

Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
COMMERCIAL
Lot Depth
Lot Width

Contacts

Current Listings

7 Cap Investment Prop. 1424 M-89 HWY

1,400 SF$415,000
Bradley Company

Rental income is $2,950 per month with full pass through lease. 1 year remains on the current lease and a 5-year lease beginning July 1st, 2022 has been signed. This equals 6 years of income production, totaling $424,800 over the term.

-Exposure to over 30,000 cars/day

-296 feet of highway frontage

-Long-term tenant

-Owner willing to package sale with 1325 S. Drake Rd. (with same long-term tenant)

Bradley Company

Rental income is $2,950 per month with full pass through lease. 1 year remains on the current lease and a 5-year lease beginning July 1st, 2022 has been signed. This equals 6 years of income production, totaling $424,800 over the term.

-Exposure to over 30,000 cars/day

-296 feet of highway frontage

-Long-term tenant

-Owner willing to package sale with 1325 S. Drake Rd. (with same long-term tenant)

View Details
View Details
CIE

Source: CARWM

More Information

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