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$ 560,000
Est. payment /mo
Price Dropped by $25K
120 N Farmer Street Otsego, MI 49078
5 Baths
3,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $160
Municipality Allegan Twp
MLS Listing ID 25025217
Full Baths 5
Year Built 1870
Annual Tax Amount $3,970
Tax Year 2025
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 30.64x101
Property Sub-Type Retail
Property Description
120 N Farmer is situated in a prime location downtown Otsego, providing convenient access to shopping, restaurants & bars. This turnkey investment opportunity could also be an ideal owner occupant live/work space. The main level consists of 2 commercial spaces totaling approx 1,730 sq ft, while the upper level consists of 3 apartments. 100% occupancy, rents are blow market and should be increased. Upper level includes: 2 bdrm apt., one bdrm apt and a studio. Tenants pay all utilities, including water.
Location
State MI
County Allegan
Area Greater Kalamazoo - K
Direction N on S Farmer, past E Allegan St. Building is on the right.
Interior
Heating Forced Air
Inclusions Real Estate
Exterior
Utilities Available Phone Connected, Natural Gas Connected, Electricity Connected
View Y/N No
Building
New Construction No
Schools
School District Otsego
Others
Tax ID 5410012070
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Listed by MOXIE Real Estate + Development