$395,000
Evart, MI 49631
MLS# 24023442
1 / 32
Property Description
Excellent business opportunity!! This iconic beauty in downtown Evart offers a huge commercial building downstairs and FOUR apartments upstairs. The commercial building first opened in 1905 as a state-of-the-art bank and it later became the post office. The bank vault and the postage window are still there along with the ornate trim and hardware one would expect in a 120-year-old building which has been cared for through the years. Three of the four one-bedroom, one-bathroom apartments are currently rented and adorable. The fourth one needs some renovation. The building overall needs a little TLC, but has tons of character and tons of potential. The city has surveyed residents for ideas of businesses they want to see downtown and has grants available to spruce up these businesses!
Details
Maps
Location & Property Info
County: Osceola
Street #: 130
Street Direction: N
Street Name: Main
Suffix: Street
State: MI
Zip Code: 49631
Cross Streets: US10
Property Sub-Type: 2 to 4 Units
Area: West Central - W
Municipality: Evart
Ownership Type: Private Owned
Office/Contract Info
Status: Active
Current Price: $395,000
List Price: $395,000
Auction or For Sale: For Sale
Sub Agency: 3
Sub Agency Type: %
Buyer Agency: 3
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2024-05-09
General Property Info
Lot Measurement: Acres
Lot Square Footage: 5663
Lot Acres: 0.13
Lot Dimensions: 44x132
Year Built: 1905
New Construction: No
Financial Comments: Commercial Vacant, 3 of 4 apartments rented
Cert. of Compliance Exp Date: 2024-05-09
Road Frontage: 44
Total # Units: 5
# of Diff Unit Floor Plans: 4
Total # Bldgs: 1
Total Parking Spaces: 4
Waterfront: No
School District: Evart
Tax Info
Tax ID #: 51 750 410 00
Taxable Value: 65826
SEV: 74600
For Tax Year: 2024
Annual Property Tax: 3815
Tax Year: 2023
Spec Assessment & Ty: None
Remarks & Misc
Directions: US10 to Evart, turn North on Main Street, to building on the right.
Legal: N 44 FT OF LOT 410 EVART CITY
Access Feat
Accessibility Features: No
Income and Expenses
Annual Insurance: 2500
Annual Utilities: 4500
Unit 1
Unit #: 1
Unit Description: front-facing
SqFt: 400
Occupied: Yes
Monthly Rent: 350
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: back-facing
SqFt: 400
Occupied: No
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 3
Unit Description: back-facing
SqFt: 400
Occupied: Yes
Monthly Rent: 350
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 4
Unit #: 4
Unit Description: front-facing
SqFt: 400
Occupied: Yes
Monthly Rent: 300
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Property Features
Laundry Features: None
Exterior Material: Block; Wood Siding
Roofing: Rubber
Substructure: Full; Michigan Basement
Sewer: Public
Water: Public
Utilities Attached: Cable; Electric; Natural Gas
Util Avail at Street: Broadband
Owner Pays: Gas; Sewer; Trash Collection; Water
Tenant Pays: Electric
Heat Source: Electric
Heat Type: Forced Air
Air Conditioning: None
Driveway: Shared Paved; Unpaved
Street Type: Paved; Public
Terms Available: Cash; Conventional
Sale Conditions: None
Unit 1: Range Oven; Refrigerator
Unit 2: Range/Oven; Refrigerator
Unit 3: Range/Oven; Refrigerator
Unit 4: Range/Oven; Refrigerator
Listing Office: Five Star Real Estate - Mitchell St
Listing Agent: Kelly Eckhardt
Last Updated: May - 13 - 2024
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