Best Places to Invest in Michigan

Asking Price:  $1.45M

 (Includes: Building; Business; Inventory, Equipment, Good Will, Website, Social Media, etc.)

Business/Building Facts of Interest

• 4,000 square feet of commercial space on first floor and four AirBnB Suites on second floor.

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• Entire building infrastructure (electrical, heating, plumbing, sewer, etc.) rehabilitated in 2003.​

• ​Gross sales for the business exceeding $800,000 in 2017, 2018, and 2019.

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• Newly renovated AirBnB Suites generating 60% (and climbing) increase in rental income for the building over previous years (despite being closed for three months due to COVID-19).  Revenue now exceeding $80,000/year (and continuing to grow) as new reservations are booked for the remainder of 2020.

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• Online sales and sophisticated POS system

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• 9 leased parking spots adjacent.

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• New roof installed in 2012.

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• Although this property is For Sale By Owner, we are open to negotiating a commission for Realtors representing potential buyers.

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•  We are open to a variety of purchase/financing options.

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• Recent zoning change permits four second-floor apartments to be "Recreational" daily rentals (e.g., AirBnB/VRBO).  Conditional Use Permit approved and transferrable.

Additional Facts/Information