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Redevelopment Opportunity - Reed City MI 842 S Chestnut St 2,511 SF Retail Building Reed City, MI 49677 $347,428 CAD ($138.36 CAD/SF)
Investment Highlights
- 2nd Generation Restaurant Space
- Priced Below Replacement Cost
- RARE - Michigan Class C Liquor License (at additional cost)
- Owner-User Oppurtunity with Plenty of Parking
Executive Summary
We are pleased to offer this vacant restaurant property, a former Pizza Hut. The property provides an opportunity for redevelopment or an owner/user. The property consists of 0.8 Acres with a restaurant building consisting of over 2,511 SF. The property was built in 1977 and has gone through various remodels over the years.
Financial Summary (Pro Forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$76,465
|
$30.45
|
Financial Summary (Pro Forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $76,465 |
| Annual Per SF | $30.45 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,511 SF
Building Class
C
Year Built
1977
Price
$347,428 CAD
Price Per SF
$138.36 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.80 AC
Parking
32 Spaces (12.74 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Restaurant
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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Redevelopment Opportunity - Reed City MI | 842 S Chestnut St
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