$432,450
$439,950
1.7%For more information regarding the value of a property, please contact us for a free consultation.
515-517 Main Street Lot: 11, 12 Crystal Lake Twp, MI 49635
7,000 SqFt
Key Details
Sold Price $432,450
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 7,000 sqft
Price per Sqft $61
MLS Listing ID 78001328488
Sold Date 04/30/21
Originating Board Aspire North REALTORS®
Year Built 1960
Lot Size 0.350 Acres
Acres 0.35
Lot Dimensions 102 x 150
Property Description
Excellent Main Street commercial investment opportunity in a high traffic area of Frankfort with a beautiful view of Betsie Bay and significant development potential. This 7,000 square foot building is currently dividend into two rental spaces with month-to-month tenants of Bayside Printing (2,600 sq. ft.) and the Frankfort-Elberta Chamber of Commerce (1971 sq. ft.) plus there is 2,422 sq. ft. of unfinished space in the back of the building for multiple rental spaces. Paved parking lot on the west and north sides of the building provides about 20 off-street parking spaces, which is a rare find in downtown Frankfort. The property is located across the street from the City Marina, Mineral Springs Park and just 5 blocks from Lake Michigan beaches. It is in the 'Main Street West' Zoning District which provides flexibility for mixed-use developments, including office, retail, restaurant, lodging, live-work units as well as expansion of the building to add a second and third level...see zoni
Location
State MI
County Benzie
Area Crystal Lake Twp
Zoning Commercial,Multi-Family,Office,Other
Interior
Heating Forced Air, Central Air
Heat Source Natural Gas
Exterior
Waterfront no
Accessibility Disabled Access
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Block/Concrete/Masonry
Others
Tax ID 5101019000
Ownership Private Owned
Acceptable Financing Cash, Other, Owner May Carry(Purchase Money Mortgage)
Listing Terms Cash, Other, Owner May Carry(Purchase Money Mortgage)
Financing Cash,Other,Owner May Carry(Purchase Money Mortgage)
Special Listing Condition Unknown/Data Share Listings
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Bought with REMAX Bayshore - Frankfort