224 W Houghton Ave 5,844 SF 100% Leased Retail Building West Branch, MI 48661 $732,858 CAD ($125.40 CAD/SF)

This Building is in prime downtown location and West Branch is a growing northern Michigan community with new stores and businesses recently locating there including McLaren Health, Meijers, Dunham's Sporting Goods, Starbucks, Aldi, Jersey Mikes and more. A recent regional hospital affiliation and expansion with My Michigan Health and U of M Hospital along with Mclaren Health are bringing many professionals to the area.
Sellers are retiring. This building is located in the prime location in the heart of the main downtown business district with corner exposure and having only three owners since 1899 and offers curbside parking on main street and the side street. The downtown business district has just completed a total makeover with new underground infrastructure and everything above ground including expanded sidewalks to 22 feet allowing restaurants to have outside seating. Additional free public parking is behind building.

Downtown West Branch is a growing walk-able community with several restaurants, a theater, retail shopping, multiple service businesses and more including a pocket park with public restrooms, a river trail to the City Park and a downtown gathering place currently in development.There are zero building vacancies.

The second story provides rental income from two apartments, a three bedroom (1100 sq ft) two bath, and a two bedroom (900 sq ft) one bath, both with long term tenants. There is a main street entrance and a rear entrance to public parking. The apartments were recently completely renovated with central air, dishwashers and a common utility area with coin operated washer and dryer. Tenants pay own gas and electric use.
The building is made of Chicago brick and was restored in 2007 by brick restoration experts. The retail lower floor has a main street entrance and two rear service doors. The merchandising area includes two large front/side display windows along with an open interior, three movable wall partitions and display area side lighting.
The rear area of the lower floor has an attached building (732 sq ft) that is a possible rental space with a finished/furnished office and storage. The outside rear has a large yard that can be utilized as outside dining or wine tasting or expansion.

The building lower is currently being operated as two businesses. A boutique (20+ years) and a local wine tasting room (12+ years). Option exists to buy the business and building as turnkey.
Invest in this historic building in a growing town while the price is right. It's a great location for a restaurant or any type of retail operation. This purchase checks all the boxes.