615 Beardsley Rd, Boyne City, MI

$320,000

3

Baths

5,000

Square feet

About 615 Beardsley Rd

Single tenant Boyne City office building in business park setting offers an excellent investment opportunity with an 8% cap rate. Longer term upside with current rents well below market. Stable long-term tenant with a lease expiring 9/30/21 and two options to renew for one year each. List price well below replacement cost and assessed value. On a 2 acre parcel with room to expand or add another building with potential for lot split. Includes three restrooms, full kitchen, washer/dryer hookup, and covered driveway entrance. Works well for future office, medical, daycare, church, community center or similar uses. If needed, building could readily be split into two tenant spaces. Regional Commercial/Industrial District zoning allows for variety of uses including retail and restaurant with drive-through allowed.

Facts & Features

MLS® # 464441
Price $320,000
Bathrooms 3.00
Half Baths 3
Square Footage 5,000
Acres 0.00
Type Commercial/Industrial
Sub-Type Commercial/Industrial

Community Information

Address 615 Beardsley Rd
City Boyne City
County Charlevoix
State MI
Zip Code 49712

Amenities

Is Waterfront No

Interior

Heating Natural Gas
Stories One
Has Basement No

Exterior

Roof Asphalt Shingle
Construction Wood Frame

School Information

District Boyne City

Additional Information

Date Listed November 30th, -0001
Zoning Commercial
Foreclosure No
Short Sale No

Listing Details

OfficeThree West, LLC

Listing Map

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