1505 Benzie, Benzonia Twp, MI 49616

$945,000

Est. payment /mo
Est.Price: ?

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1505 Benzie Benzonia Twp, MI 49616

14,400 SqFt

SOLD DATE : 09/27/2023

Key Details

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 14,400 sqft

Price per Sqft $58

Subdivision South Street Center

MLS Listing ID 78080008024

Sold Date 09/27/23

Year Built 2004

Lot Size 2.420 Acres

Acres 2.42

Property Description

Fully leased South Street Center retail investment property built in 2004. Long-term lease with Family Dollar anchor expires 12/31/28. Four tenants also include a Verizon store and Edward Jones. Great visibility/signage with frontage on high-traffic US31. A Save A Lot grocery store and the Crystal Plaza retail center anchored by Family Fare are located to the south. One tenant occupies three adjacent units (each with restroom access) that could be leased separately. The center services a large geographic trade area and is located 1.5 miles from the Crystal Lake resort area and 10 miles from Crystal Mountain ski and golf resort. Available at a 7.6% cap rate.

Location

State MI

County Benzie

Area Area93061Benzoniatwp

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Exterior

Parking Features ParkingLot

Utilities Available NaturalGasConnected

View Y/N No

Building

Foundation Block, Slab

Sewer Septic Tank

Water Public

New Construction No

Schools

School District Benzie County Central

Others

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition Standard

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Realcomp MLS
Listed by Bill Somerville of Three West, LLC
Bought with Three West, LLC

Nearby Locations

Katie Wright

Katie Wright

Broker Associate License ID: 387021

+1(248) 403-3182

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