1831 Newman Road Okemos, MI ^$ 419,900

1831 Newman Road

^$ 419,900

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1831 Newman Road

Okemos, MI, 48864

^$ 419,900

Studio Baths2.0 Sq 2,096

Monthly Estimate*

^$ 2,933

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Studio

Commercial Property for sale in Okemos, MI

for $419,900 with 2 full baths. This 2,096 square foot building was built in 1984 on a lot size of 0.54.

Great opportunity on this ranch style commercial building in the heart of Okemos. Close to everything. Currently the building has a lease on it until 2028. May be negotiable. Current rent is $2500 until May of 26 then goes to $2700 per month, Tenant pays all utilities. Building has newer mechanicals and Brand new roof/ The current business is a family entertainment business, Escape room. Call for showings as the building can only be shown on certain days and times.

Commercial Active

Price

^$ 419,900

Bedrooms

Studio

Full Bath

Property Type

Commercial

Taxes

^$ 8,481

Style

Ranch

Lot Size

0.54

Year Built

1984

Town/City

Okemos

County/Region

Ingham

MLS | Web ID

278764

Features

General

Sewer Public Sewer

Heating Central Forced Air

Cooling Central Air

Roof Shingle

Appliances None

Garage Spaces 26.0

Architectural Style Ranch

Construction Materials Brick Vinyl Siding

Year Built 1984

Township Meridian Twp

Levels One

Property SubType Commercial Sale

Tax Year 2023

Business Type Professional/Office Recreation

County Ingham

New Construction N

Property Type Commercial Sale

Attached Garage Y

Subdivision Name None

Garage Y/N N

Status Active

Directions Marsh to Newman east by GFS store

City Okemos

Buyer Agent Compensation 3.00

Entry Location 1st Floor

View Y/N N

High School District Okemos

Lot Size Square Feet 23522.4

Waterfront Y/N N

Carport Y/N N

Street Name Newman

Land Lease Y/N N

Tax Annual Amount 8481.0

Lease Renewal Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Tax Assessed Value 127861

Buyer Agent Compensation Type %

Legal Description SPLIT COMBINED ON 1/26/2023

Senior Community None

Interior

Basement Full

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Above Grade Finished Area 2096.0

Street Suffix Road

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Total Baths 2

Exterior

Parking Features Asphalt Attached Deeded On Site

Lot Features Level

Water Source Public

Lot Size Area 0.54

Building Area Total 2096.0

Lot Dimensions Irregular

Lot Size Acres 0.54

Lot Size Units Acres

Foundation Area 2096.0

Road Frontage Type City Street

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1831

* Excluded Features

List By

Lynne VanDeventer

Listing Agent

Coldwell Banker Realty-Okemos

Broker

lynnevanda@cbrealty.com

Affordability Calculator

$3,640

Per Month

Monthly Principal & Interest: $2,933
Monthly Property Taxes: $707
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Okemos, MI

Average List Price ^$621,633

Percent of Sale Price 48%

About Okemos, MI

23,781 Population

14% Since 2002

^$77,560 Median Income

36.94 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2075936 Elementary School

2075845 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/22/2024	$419,900		Listed Price

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1831 Newman Road, Okemos, MI, 48864 is a Commercial Property for sale at $419,900 with 2,096 sqft and a lot size of 0.54. 1831 Newman Road is a studio with 2.0 baths and was built in 1984. The property's zip code is 48864 which is in Okemos, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the IDX Program of The Greater Lansing Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Weichert Realtors include the name of the listing broker.

Information is deemed reliable but is not guaranteed accurate by the MLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/21/2024.

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1831 Newman Road

Commercial Property for sale in Okemos, MI

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