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210 2nd St 4,600 SF 100% Leased Retail Building Lincoln, MI 48742 $117,964 CAD ($25.64 CAD/SF)



Investment Highlights
- Located in a quiet residential area with convenient access to local amenities.
- New well installed in 2007 with a depth of 127 feet and two pressure tanks..
- Copper plumbing system and updated electrical components for dependable service.
- Two furnaces and two AC units installed in 2007 for efficient climate control.
- 1000-gallon septic tank connected to the village system with quarterly billing.
- No known roof leaks and well-maintained structural systems.
Executive Summary
Located in the Village of Lincoln, is where you will find this wonderful business opportunity. 2 story, 3,100 sqft on the main floor, and 1,500 sqft on the 2nd floor. Natural gas, forced air furnace, and Central Air. Here you have city sewer. With your own well installed 2007. Industrial looking, main dining room and separate kitchen area. Already set up and ready to go for your restaurant. You will instantly see it has been well maintained, is clean, updated electrical, and functional. Everything is in working order including the two good sized main floor bathrooms. Commercial Kitchen with its own entrance door. Plenty of additional rooms for office space, or extra storage. Lots of potential with this commercial building, located in a great, hard working area. Looking to welcome some more small business owners. This could truly be the small town affordable, American dream! Owning your own successful business, and raising your family. Alcona community Schools is just a 5 minute drive. Another close small town is Harrisville, just a 10 minute drive. Your closest larger city, Alpena is just a 35 minute drive to the north for all your shopping and restaurant needs. This little village doesn't disappoint. There are lots of fun activities to keep you busy, all year long!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,600 SF
Building Class
C
Year Built/Renovated
1915/1980
Price
$117,964 CAD
Price Per SF
$25.64 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.14
Lot Size
0.78 AC
Opportunity Zone
Yes
Zoning
C-1 - Commercial
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $241,618 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$241,618 CAD
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210 2nd St
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