109 S Fair Street Otsego, MI ^$ 199,900

109 S Fair Street

^$ 199,900

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109 S Fair Street

Otsego, MI, 49078

^$ 199,900

Studio Baths0.0 Sq 2,989

Monthly Estimate*

^$ 1,396

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Studio

Commercial Property for sale in Otsego, MI

for $199,900. This 2,989 square foot building was built in 1950 on a lot size of 0.07.

Spacious commercial building in heart of Otsego is adaptable to many uses was previously used as office space, now being used by a church. Totally remodeled in 2020 with new gas furnace, central air & roof in 2022, makes this an exceptional investment. Front entry leads to reception area which then opens into 2 open areas. There are 3 offices, 2 newly remodeled baths, a huge work room, break room and full kitchen with appliances included. Add in the convenience of city utilities and on-street parking with a city lot across the street and you're all set ! Currently leased thru June 2024 at $1300 per month but tenant is willing to co-operate if buyer needs possession sooner. Seller pays all utilities.

Commercial Active

Price

^$ 199,900

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 3,724

Style

Commercial/Industrial

Lot Size

0.07

Year Built

1950

Town/City

Otsego

County/Region

Allegan

MLS | Web ID

70335534

Features

General

Heating Forced Air

Possession Subject To Tenant Rights

Roof Composite

Water Public Water Public Water at Street

Status Active Active

Year Built 1950

County Allegan

Class COM/IND/BUS OPP

Type Commercial/Industrial

Municipality Otsego

Subdivision MI

Commercial Features Cable TV Available Electric Available Gas Available

Area Otsego (03036)

Primary City Otsego

Directions W of US 131 on M-89 toward Otsego. left on Fair St. (one block before main 4 corners of town) Property on left.

City Otsego

Street Name Fair

Financial Terms Cash Conventional

Legal Description S 42' of Lot 29 Blk 4 & the W 13 1/2 ' of the S 42' of Lot 30 Blk 4 ex the S 8 1/2 ' off both desc. O.P. Sec 22 & 23

DOM 190

Postal Code 49078

Price Per Sq Ft 66.88

Coming Soon Spacious commercial building in heart of Otsego is adaptable to many uses was previously used as office space now being used by a church. Totally remodeled in 2020 with new gas furnace

Exterior

Exterior Block Vinyl Siding

Frontage 33

Lot Size Area 0.07

Lot Dimensions 33.5 x 96.08

Roads Paved Street

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Wendy Conner

Listing Agent

Greenridge Cornell & Associates

Broker

wconner@greenridge.com

Affordability Calculator

$1,707

Per Month

Monthly Principal & Interest: $1,396
Monthly Property Taxes: $310
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 Otsego, MI

Average List Price ^$368,701

Percent of Sale Price 84%

About Otsego, MI

4,027 Population

2% Since 2002

^$45,315 Median Income

39.05 Median Age

33% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/29/2024	$199,900	-14.75%	Price Down
1/17/2024	$234,500	-2.09%	Price Down
12/12/2023	$239,500	-4.01%	Price Down
10/17/2023	$249,500		Listed Price

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109 S Fair Street, Otsego, MI, 49078 is a Commercial Property for sale at $199,900 with 2,989 sqft and a lot size of 0.07. 109 S Fair Street is a studio with 0.0 baths and was built in 1950. The property's zip code is 49078 which is in Otsego, 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.

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109 S Fair Street

Commercial Property for sale in Otsego, MI

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