400 Michelle Lane Baraga, MI ^$ 240,000

400 Michelle Lane

^$ 240,000

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400 Michelle Lane

Baraga, MI, 49908

^$ 240,000

Studio Baths0.0 Sq 3,200

Monthly Estimate*

^$ 1,676

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Studio

Commercial Property for sale in Baraga, MI

for $240,000. This 3,200 square foot building was built in 1996 on a lot size of 1.5.

Here is a great investment opportunity with this very nice 4 unit apartment building! The building has been well cared for and is in the process of getting a new roof! The units have a long, steady rental history with all units being currently occupied. The current rental income is $500/month per unit with a month to month lease agreement. The utilities are the responsibility of the tenants. Each unit features an open concept kitchen/Livingroom, 2 bedrooms and 1 bathroom. The master bedroom includes a sliding glass door accessing the patio area and very large back yard. This property is located in a desirable area and at the end of a dead-end street!

Commercial Active

Price

^$ 240,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Commercial/Industrial

Lot Size

1.5

Year Built

1996

Town/City

Baraga

County/Region

Baraga

MLS | Web ID

50115614

Features

General

Heating Baseboard Electric Heat

Cooling Wall/Window A/C

Roof Asphalt

Exterior Features Deck/Patio

Water Public Water Separate Meters

Status Active Active

Year Built 1996

Parking 3-5 Spaces

Water Heater Electric

County Baraga

Township Baraga Township

Class COM/IND/BUS OPP

Type Commercial/Industrial

Percent Ownership Private

Municipality Baraga

Section 33

Subdivision MI

Commercial Features Occupied

Area Baraga (07003)

Primary City Baraga

Location Dead End

Directions From the Baraga Drive-in turn left onto Wadaga Road 0.3 miles turn right onto Buckland Drive follow until road turns into Michelle Lane property at end of street.

City Baraga

Street Name Michelle

Financial Terms Cash Commercial Loan Conventional

Legal Description Village of Baraga Sec 33 T51N R33W N 300' of S 1000' of E 109.99' of W 470' of SE 1/4 of SW 1/4. And T51N R33W Sec 33 part of the SE 1/4 of SW 1/4 com at S 1/4 cor th S 89 deg 46' 48 W 746.55'

DOM 303

Postal Code 49908

Price Per Sq Ft 75

Coming Soon Here is a great investment opportunity with this very nice 4 unit apartment building! The building has been well cared for and is in the process of getting a new roof! The units have a long

Exterior

Exterior Vinyl Siding

Lot Size Area 1.5

Lot Dimensions 300x220

Water Features None

Roads City/County

Waterfront Y/N No

Interior

Fuel Type Electric

* Excluded Features

List By

ANNIE CRANFORD

Listing Agent

Up North Realty

Broker

annie@upnorthrealty.com

Affordability Calculator

$1,676

Per Month

Monthly Principal & Interest: $1,676
Monthly Property Taxes: --
Monthly Home Insurance: --

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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 Baraga, MI

Average List Price ^$269,500

Percent of Sale Price 12%

About Baraga, MI

1,980 Population

12% Since 2002

^$37,754 Median Income

37.11 Median Age

25% 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
7/17/2023	$240,000		Listed Price

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400 Michelle Lane, Baraga, MI, 49908 is a Commercial Property for sale at $240,000 with 3,200 sqft and a lot size of 1.5. 400 Michelle Lane is a studio with 0.0 baths and was built in 1996. The property's zip code is 49908 which is in Baraga, 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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400 Michelle Lane

Commercial Property for sale in Baraga, MI

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