Wow! Terrific Investment!! Endless possibilities on this 11,000 sq ft building sitting on just under 2 acres. This Commercial / Multi Residential building has two units currently rented. One commercial and one residential. This building has 9 separate addresses 7 more waiting for them to built out. Owner has blue prints of other units and can be viewed upon request.
282 feet of Van Dyke frontage with high exposure count of 20,000 vehicles per day. Located just North of downtown Almont. Strategically located just south of I-69 offering easy freeway access to I-94 Port Huron, I-75 Flint, North to Port Austin or South to Detroit. 2 buildings approximately 12,000 square feet each, special C-3 Zoning allows for commercial, industrial, retail, self storage and RV/truck storage. Buildings constructed in 2000 and are in excellent condition with free span construction for flexibility use, eighteen foot ceilings, truckwell, three phase power, 880 volt. Central air, gas forced air heat, metal roof, septic and well. 5,000 square feet of office space. Building One is currently under three year lease with option to renew for six more years. Building Two is partially rented. Net operating income is $177,038 with a 8.85% cap rate.
Almont is located in Michigan. Almont, Michigan has a population of 2,748. Almont is more family-centric than the surrounding county with 30.44% of the households containing married families with children. The county average for households married with children is 28.85%.
The median household income in Almont, Michigan is $51,750. The median household income for the surrounding county is $56,186 compared to the national median of $57,652. The median age of people living in Almont is 42.2 years.
The average high temperature in July is 81.6 degrees, with an average low temperature in January of 14.4 degrees. The average rainfall is approximately 32.8 inches per year, with 31.7 inches of snow per year.
