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Beautifully restored office building for sale in East Tawas

The Market Place

Retail-Commercial For Sale
Mixed Use

211 Newman St.
East Tawas, MI 48730 

Take the photo tour

DETAILS

Building Size (RSF):

15,000 SF

Gross Building Area:

Contact Heather: 734-678-5577

PRICE

Sale Price:

$750,000

Unit Price:

$50 PSF

MORE

Property Use Type: 

Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business

Building Name: 

The Market Place

Sale Terms: 

Cash to Seller

Cap Rate:

Undisclosed

Property Overview

Great opportunity to own a beautifully restored commercial building in downtown East Tawas. High traffic location! The interior of this immaculately maintained building has been developed as a multi-tenant property. An open central stairway provides access to the second-floor area as does a commercially approved elevator. 

The first floor interior includes seven tenant spaces with net leasable areas of 300 to 2,300 square feet. These are largely used as retail spaces and include two restrooms and a common circulation area. 

The second-floor area includes a potential of 12 tenant spaces, most of which are fully finished and occupied. Stable income-producing but could be available for owner/occupant.

The building materials and methods employed have sought to preserve many of the original architectural details and features of the building which have been enhanced with new windows, wall and ceiling finishes and relished wood floors. Renovations have been completed between 2001-2011. The overall design and quality of the building makes it competitive with spaces at the higher end of the CBD market lease range.

East Tawas Michigan sits on the “Sunrise Side” of northeastern lower Michigan on the shores of Lake Huron. Iosco County derives its name from Chippewas and translates to “Water of Light.” Water indeed helps to define Iosco County, between its extensive Lake Huron shoreline to the presence of the state’s largest river, the Au Sable, which empties into the great lake south of Oscoda. This makes East Tawas a great place to enjoy water sports or activities including fishing, boating, kiteboarding etc. When snow falls cross country skiing on the beautiful trails is a peaceful way to enjoy the winter months.

Heather Freeling on CPIX
Trillium Real Estate
734-678-5577 cell
734-302-3011 office
Email

Heather's Trillium Information


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