195 Michigan Street

21,000 SF commercial building being sold in ''AS IS'' condition, with poured concrete walls, 10,497 SF basement, and three stairwells. A freight elevator services all three levels, second shaft also for a passenger elevator never installed. Three phase with 240-440 electrical system, brick exterior, rubber roof with aluminum panels on the front of the building. Heating system is natural gas, hot water steam and no air conditioning. Main level consists of nine offices, two entries, conference room, scheduling room, computer room, six bathrooms and a large preparation area. The second level is divided into a large preparation area, two storage areas, production room, two smaller prep areas and four bathrooms. Seller may consider favorable lease terms. See MORE for additional info The property is .275 of an acre with 127.2 feet of frontage on Michigan Street and also 150 feet on Oak Street. Street parking only. Presently used for manufacturing/printing. Priced to sell at $14.54 per SF. 2023 State Equalized Value is $290,200. Building location may allow commercial marihuana facilities per City Ordinance and State Law. Buyer is responsible for obtaining all necessary applications and permits from the City and State. Seller may consider long term lease. Property is eligible for Brownfield TIF funding, and may be eligible for incentives through the Michigan Economic Development Corporation through their Community Revitalization Program. Ceiling heights are as follows: Main Floor - 13'7", Upper Floor - 10'9", Basement - 9'6".