$ 575,000
-
$575,000
Price -
0.39
Acre
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About the Listing 78000000061022 - 78000000450777
Here’s an opportunity to own a piece of Glen Arbor and the home of the 49636 Post Office. A 1375 sqft building on a 0.4 acre parcel in the heart of town, directly across from Arts Tavern and just a block from the beach. A new septic tank and pump chamber were installed in 2022 and privacy and decorative fencing and tree cleanup were completed around the same time. The lease rates work out to about the same return as current 10-year treasury bond yields, (and arguably the same low-risk profile) but with the upside of long-term appreciation of the land. The current lease with USPS runs through November 2027 and a new lease has been negotiated but not signed, so the future owner has an opportunity to finalize their own terms.
Listing Highlights for 6456 W Western Ave
Interior Details
- Appliances:
- Air Cond:
- Heating: Forced Air,Propane
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1375
- Basement: Slab
- Other: Forced Air
- Water: Community
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 75'x230'
- Zoning: Commercial
- Roof:
- Others: Block
- Sewer: Septic Tank (Existing)
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4512207600
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
6456 W Western Ave Glen Arbor Twp, MI 49636
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