Glen Arbor Twp, MI 49636,6363 & 6365 Western Avenue

$775,000

$749,000

3.5%
Est.Price: ?

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Est. payment /mo

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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Realcomp MLS
Listed by LVR Realty, LLC
Bought with LVR Realty, LLC
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shane@thesateam.com

130 W 5th Ave, Oak, MI, United States

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