106 E 3RD Street Imlay City, MI 48444

Active

$499,000

Market Estimate

Request Info

7,104 sq. ft.
0.14 Acres
Commercial
MLS# 60299717

Listing provided courtesy of: Coldwell Banker Professionals - 248-628-1900

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Property Details

Description

Welcome to this fantastic Investment Opportunity nestled in the heart of Downtown Imlay City, MI. This building features two upstairs newly renovated loft/apartments boasting 1500+ sq feet each, 2 beds, 2 baths, kitchen, laundry, Living rm, etc. with balconies. Live in one, rent the other? Also features two 1700 sq foot business build outs on main lvl. New Electrical, drywall, plumbing, fire suppression system throughout, newly re-paved parking in rear of building. Owner invested a TON in renovations. All the Big stuff is done! Land Contract Available. Book your viewing now!

General Features
- Acreage 0.14
- Area Municipality Imlay City (44027)
- County Lapeer
- Originating MLS RealComp
- Ownership Private
- Subdivision CITY OF IMLAY CITY PALMER'S ORIGINAL PLAT
- Total SqFt Finished 7104
- Waterfront Y/N No
- Year Built 18
- ZONING Commercial
Building Features
- Exterior Construction Brick, Vinyl Siding
- Exterior Features Security Lighting
- Foundation Type Basement
- Heating System Forced Air
- FUEL TYPE Natural Gas
- Roofing Rubber
Property Features
- Water Public Water
- Lot Size 48.00 x 125.00
- Roads Paved Street
- Sewer Septic Public Sanitary

Neighborhood

48444 (Imlay City) Demographics

39 Median Age

121 Population Density (per sq. mile)

20% College Educated

$60,245 Estimated Median Income

2,822 Estimated Total Home Owners

931 Estimated Total Renters

75% / 25% Estimated Owner / Renter Divide

3 Estimated Average Household Size

9,835 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$205,000 Median Sales Price

5 Homes Sold

16 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	Current Price Source: Multiple Listing Service	New Value: $499,000
4/11/2024 3:22:00 PM	New in Database Source: Multiple Listing Service	New Value: $499,000

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* This payment calculator is intended for educational and planning purposes only.
** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.