$775,000
$749,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
3,852 SqFt
SOLD DATE : 03/02/2023
Key Details
Sold Price $775,000
Property Type Commercial
Sub Type Commercial,Business Opportunity
Listing Status Sold
Purchase Type For Sale
Square Footage 3,852 sqft
Price per Sqft $201
Subdivision Metes And Bounds
MLS Listing ID 78080003378
Sold Date 03/02/23
Originating Board Aspire North REALTORS®
Year Built 1930
Lot Size 0.510 Acres
Acres 0.51
Lot Dimensions 165x132
Property Description
Own a unique slice of Glen Arbor history and make a fantastic investment at the same time! Between these two properties (sold as one commercial parcel with two separate tax ID numbers), you can have the opportunity to make vacation rental income from the newly remodeled Old Schoolhouse, leasing income from the charm of The Shed, all while having a home or vacation space for yourself! Built in 1930, Glen Arbor's original brick schoolhouse stands proudly in the heart of town on the corner of Western Avenue (our main street) and Oak Street, directly across from the town hall. Over the years, as the Glen Lake School District moved to another location, the building also housed such businesses as a hardware store, a gym, and in 2020, was remodeled in to two updated duplexes, each having a full living room, a full kitchen, a laundry room, a bathroom, two bedrooms, a sleeping loft, and outdoor deck space. The duplexes are also equipped with heating and A/C and come fully furnished. They could be rented throughout the year, with the ability for the purchaser to also reside in one or both for part or all of the year. In the lower level of the building are two extremely large, cement floored storage spaces with many possibilities (leased for office space?) or for personal use. The Shed, which sits directly next to it (with its own tax ID number, as well) was once the bus parking for the school, we've been told. For many years, it served as a retail store - a home goods store, a clothing store, and also has potential to be a farmer's market, an artists' studio, or something entirely different! This space also has a half bathroom and an additional room not pictured above, making it suitable for several ventures. So much opportunity exists with this investment! Let your imagination run wild! Dual listed under multi-family at MLS #1907886
Location
State MI
County Leelanau
Area Glen Arbor Twp
Zoning Multi-Family,Residential
Interior
Heating Wall/Floor Furnace, Central Air
Heat Source Electric, Natural Gas
Exterior
Pool No
Waterfront no
Roof Type Asphalt
Accessibility Disabled Access
Building
Sewer Septic Tank (Existing)
Water Well (Existing)
Structure Type Block/Concrete/Masonry,Brick,Frame,Vinyl
Schools
School District Glen Lake
Others
Tax ID 45-006-662-010-10/010-50
Ownership Private Owned
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Unknown/Data Share Listings
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