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10300 Howard City Edmore Road, Cato Twp, MI 48850

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Listing Type
commercial/industrial
Listing Status
pending
36
Overview
Features
Commute
Transportation
Market Statistics
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$432,000

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Home Details for 10300 Howard City Edmore Road

Price
$432,000
Type
commercial/industrial
Year Build
1975
Sq. Ft.
6068
Lot Size
2.80
County
Montcalm
Tax
$5,068
MLS️ Listing#
72022009227
On exitrealty.com
56 days

Property Description

Here is your opportunity to own a State-leased building with 4 1/2 years left on current with a renewable 5-year lease opp. We have priced this building based on the annual rent totaling of $37,196.88 for January 1, 2022 through December 31 2026 and the SEV of $138,400 for 2021. This State Police post in Lakeview has been selected as one the few remaining permanently manned posts. The post was built in 1975 and has been maintained to State standards. It appears to be in excellent condition and Newer metal roof was installed a few years ago. An underground storage tank(UST) was removed with proper documentation. a motivated seller who would like to pass the torch to a new buyer. Buyer's must be approved by tenant / State of Michigan for the lease.
EXIT REALTY GROUP
489 W Nepessing Street, Lapeer, MI 48446
$432,000

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EXIT REALTY GROUP
489 W Nepessing Street, Lapeer, MI 48446