Average square foot calculated using Size range provided by listing agent.
Description
Presenting a prime commercial real estate opportunity with a built-in income stream and exceptional upside potential. This unique offering features a versatile street-level commercial space and two fully-occupied residential apartments above, located in the heart of Central Lake. The ground-floor commercial space is a testament to its long-standing success as a hair salon, with a strong legacy and a team of stylists who are integral to its operations and who are eager to continue under new management. This presents a rare "walk-in and go" business opportunity, with a built-in staff and customer base. The space's versatility, however, is its greatest asset, easily convertible to a variety of other uses, including professional offices, a welcoming coffee shop, or a vibrant retail store. The property's residential component is a key asset, featuring two apartments currently occupied by long-term, stable tenants who wish to remain in the building. This provides a consistent and reliable rental income stream from day one, helping to offset ownership costs and increase the property's overall return. While the building is a charming, historic structure and is currently generating income, it is being offered as-is and is in need of some repair and updating. This presents a unique value-add opportunity for a savvy investor or a visionary owner to renovate and revitalize the property, enhancing its value and unlocking its full potential. This is a rare find for a buyer who can appreciate a property with both immediate income and substantial upside. Whether you're an investor looking to start a new project or an entrepreneur ready to capitalize on a prime location, this listing offers a strategic path to profitability and growth.Show Description
MLS® Number1938331
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatNatural Gas, Forced Air
A/C
Heating Fuel
Extras
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