615 Beardsley Rd, Boyne City

$320,000

3 Baths
5,000 Sqft

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.

Essential Information
MLS® #464441
Price$320,000
Bathrooms3.00
Half Baths3
Square Footage5,000
Acres0.00
TypeCOMMERCIAL/INDUSTRIAL
Sub-TypeCommercial/Industrial
Community Information
Address615 Beardsley Rd
CityBoyne City
CountyCharlevoix
StateMichigan
Zip Code49712
Interior
HeatingNatural Gas
StoriesOne
Exterior
RoofAsphalt Shingle
ConstructionWood Frame
School Information
DistrictBoyne City
Additional Information
ZoningCommercial
Listing Details
This (property or listing) is courtesy of Three West, LLC
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