
Seller's Agent in 2024
CHRISTOPHER GESTWICKI
STATE WIDE REAL ESTATE OF ESCANABA
(906) 280-8791
27 in this area
61 Total Sales
Estimated Value: $230,202
Size and Potential for Expansion: With over 7500 square feet available, there is significant space for the aspiring or current landlord to potentially add 6 to 8 more rental units to their portfolio. This could be an attractive option for those interested in real estate investment. Alternative Uses: The property's adaptability is emphasized by suggesting alternative uses such as adult foster care or a daycare facility. This opens up possibilities for a wide range of buyers with different interests and business goals. Existing Rental Income: The mention of a two-story apartment already present above the business, which was recently rented out, indicates immediate income potential for a landlord looking to maintain or expand on existing rental opportunities. Commercial Zoning: Being located in a commercial area makes this property suitable for various business ventures. It could be an ideal location for someone looking to establish their own business or potentially convert the space for a specific commercial purpose. Conversion Potential: The building's adaptability is further highlighted by suggesting the potential for conversion into a very large single-family home. This could appeal to buyers looking for a unique residential property. Operational Business: It's clarified that while the building is for sale, the business itself will remain operational, providing continuity for the existing business while allowing the new owner the flexibility to decide its future location. Ample Parking: The inclusion of a huge parking lot is a practical feature that adds value, especially for potential tenants or clients visiting the business.
Last Agent to Sell the Property
STATE WIDE REAL ESTATE OF ESCANABA License #UPAR-6501438357 Listed on: 01/30/2024
Date | Buyer | Sale Price | Title Company |
---|---|---|---|
Rnr Limited Llc | $200,500 | -- | |
Coolman Properties L L C | -- | -- | |
Coolman | $228,000 | -- | |
Zerbel Thomas | -- | -- |
Date | Status | Borrower | Loan Amount |
---|---|---|---|
Previous Owner | Coolman Properties L L C | $557,631 | |
Previous Owner | Coolman | $802,000 |
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
03/21/2024 03/21/24 | Sold | $200,500 | -14.6% | $23 / Sq Ft |
02/12/2024 02/12/24 | Pending | -- | -- | -- |
01/30/2024 01/30/24 | For Sale | $234,900 | -- | $27 / Sq Ft |
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2025 | $6,278 | $133,500 | $0 | $0 |
2024 | $3,336 | $111,600 | $0 | $0 |
2023 | $3,180 | $103,200 | $0 | $0 |
2022 | $5,798 | $108,000 | $0 | $0 |
2021 | $5,596 | $103,600 | $0 | $0 |
2020 | $5,535 | $91,400 | $0 | $0 |
2019 | $5,634 | $99,900 | $0 | $0 |
2018 | $5,502 | $91,700 | $0 | $0 |
2017 | $2,815 | $90,262 | $0 | $0 |
2016 | $5,458 | $91,706 | $0 | $0 |
2014 | $2,783 | $93,153 | $0 | $0 |
2013 | $2,783 | $90,836 | $0 | $0 |
Seller's Agent in 2024
CHRISTOPHER GESTWICKI
STATE WIDE REAL ESTATE OF ESCANABA
(906) 280-8791
27 in this area
61 Total Sales
Source: Upper Peninsula Association of REALTORS®
MLS Number: 50132390
APN: 210510102930480011