$322,000
$350,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
12379 Stafford Street Ravenna, MI 49451
4 Baths
5,120 SqFt
Key Details
Sold Price $322,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 5,120 sqft
Price per Sqft $62
Municipality Ravenna Vllg
MLS Listing ID 24004199
Sold Date 03/15/24
Full Baths 4
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1995
Annual Tax Amount $7,749
Tax Year 2023
Lot Size 1.067 Acres
Acres 1.07
Lot Dimensions TBD
Property Description
Investment opportunity in downtown Ravenna. Property is comprised of over 1-acre of land developed with a two-story (main level and lower walk-out level) building and associated parking and landscaped areas. The main level is 100% occupied by an insurance agency, while the lower level represents upside potential for an investor. Over 3 years remain in the current lease term. The majority of the lower level is finished and could accommodate 3 additional tenants. Former tenancy included a salon and related infrastructure (water supply, etc.) remains in the space. The lower level units are currently vacant or used for general storage. Ample parking is available for the street-level as well as the walk-out level. Please do not approach tenant. Building tours to be held after normal business hours. Lease details provided with executed Confidentiality Agreement. hours. Lease details provided with executed Confidentiality Agreement.
Location
State MI
County Muskegon
Area Muskegon County - M
Direction Downtown Ravenna (Main Street) to Stafford Street, West to property.
Rooms
Basement Walkout
Interior
Cooling Central Air
Fireplaces Number 1
Exterior
Parking Features Paved
Utilities Available Electric Available, Cable Available, Electric Connected, Cable Connected
View Y/N No
Roof Type Composition
Street Surface Paved
Total Parking Spaces 20
Building
Sewer Public Sewer
Water Public
Structure Type Wood Siding,Vinyl Siding
New Construction No
Schools
School District Ravenna
Others
Tax ID 43-725-011-0004-00
Ownership Trust
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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