203 S Main Street, Eaton Rapids MI 48827 Photo 1 203 S Main Street, Eaton Rapids MI 48827 Photo 2 203 S Main Street, Eaton Rapids MI 48827 Photo 3 203 S Main Street, Eaton Rapids MI 48827 Photo 4

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203 S Main Street - EXCELLENT HIGH VISIBILITY LOCATION! THE FIRST FLOOR IS A RESTAURANT (2190 SQUARE FEET) WITH A WALK UP TAKE OUT WINDOW IN THE BACK(PAYS $1500 PER MONTH IN RENT), THE 2ND AND 3RD FLOOR ARE APARTMENTS (1298 SQUARE FEET EACH). THE 2ND FLOOR APARTMENT IS UNDER GOING RENOVATIONS. 3RD FLOOR APARTMENT WAS COMPLETELY RENOVATED IN THE LAST 5 YEARS. THE WHOLE BUILDING WAS RENOVATED IN 2003, AN ELEVATOR WAS INSTALLED, NEW MECHANICALS, WINDOWS AND MORE. EACH UNIT HAS ITS OWN FURNACE AND PAYS ITS OWN UTILITIES. REAL ESTATE ONLY NO BUSINESS FOR SALE.

Listing information

  • MLS® ID: 221002
  • Status: Active
  • New Construction: No
  • Lot Area: 0.05
  • County: Eaton
  • Style: Income
  • Stories: 3
  • Foreclosure: No
  • Lot Size: 22X99
  • School District: Eaton Rapids
  • Year Built: 1900
  • Parking Type Description: None 0 cars
  • Total Square Footage: 2,299 ($104.35 per sq. foot)
  • Estimated Annual Taxes: $6,837
  • Subdivision: Eaton Rapid

Features

Appliances Central Air, Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer
Basement No Basement
Current Use Residence, Restaurant
Driveway No Driveway
Exterior Brick, Stucco
Extras High Speed Internet Avlbl: Cable
Garage No Garage
Heating Forced Air - Gas
Land & Acreage Up to 1/4 Acre
Other Annual Income - 32400.00, Building 1 Description - Restaurant on 1st Flr, Apartments on 2nd & 3rd Flr, Insurance - 2052.00, Lavs - 4.00, Lease/List Price/SqFt - 50.13, Net Operating Income - 21719.00, Parcel # - 30000060601000, Parking Total - City Lot, Repair Maintenance - 1228.00, Tax Expense - 6837.00, Tax Year - 2015, Total Other Expense - 10681.00, Utilities - 563.00, Zoning - Commercial
Roof Flat, Other
Sewer Public Sewer
Type Multi-Story
Water Public
Water Heater Gas Natural
Listing Courtesy of Duane Ross of Ross & Associates Realtors