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119 S Main St 6,473 SF 100% Leased Retail Building Reading, MI 49274 $418,775 CAD ($64.70 CAD/SF)
INVESTMENT HIGHLIGHTS
- On Main Street, just North of Cherry Street on the East side of the Road.
EXECUTIVE SUMMARY
Municipal Approved Adult-Use Provisioning Center for sale — license and real estate included.
The property includes a full basement for additional storage and two (2) apartments on the second floor for employees or an additional income stream. One (1) apartment is leased for $650 per month on a month-to-month lease, and one (1) needs construction completion.
Ample parking is available with both municipal street parking and the municipal parking lot in the rear of the site.
Located in the heart of Reading, a capped and highly competitive market, with this being one (1) of only four (4) Adult-Use retail licenses.
The site is in immediate proximity to both the Indiana and Ohio borders, presenting a unique chance to establish a strong presence in a high-demand market.
Great synergy in the immediate marketplace with several national and local tenants.
The property includes a full basement for additional storage and two (2) apartments on the second floor for employees or an additional income stream. One (1) apartment is leased for $650 per month on a month-to-month lease, and one (1) needs construction completion.
Ample parking is available with both municipal street parking and the municipal parking lot in the rear of the site.
Located in the heart of Reading, a capped and highly competitive market, with this being one (1) of only four (4) Adult-Use retail licenses.
The site is in immediate proximity to both the Indiana and Ohio borders, presenting a unique chance to establish a strong presence in a high-demand market.
Great synergy in the immediate marketplace with several national and local tenants.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,473 SF
Building Class
C
Year Built/Renovated
1900/2007
Price
$418,775 CAD
Price Per SF
$64.70 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.99
Lot Size
0.15 AC
Zoning
C-2 - Commercial
Parking
5 Spaces (0.77 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 20-040-001-076 | Improvements Assessment | $64,268 CAD |
| Land Assessment | $8,545 CAD | Total Assessment | $72,813 CAD |
PROPERTY TAXES
Parcel Number
20-040-001-076
Land Assessment
$8,545 CAD
Improvements Assessment
$64,268 CAD
Total Assessment
$72,813 CAD
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119 S Main St
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