309 Teal Lake Avenue Negaunee, MI ^$ 175,000

309 Teal Lake Avenue

^$ 175,000

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Recently Listed

309 Teal Lake Avenue

Negaunee, MI, 49866

^$ 175,000

Studio Baths0.0 Sq 2,496

Monthly Estimate*

^$ 1,048

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Studio

Commercial Property for sale in Negaunee, MI

for $175,000. This 2,496 square foot building was built in 1926 on a lot size of 0.04.

Check out this opportunity to own your own passive income business. This established laundry has been in business for decades and is a positive cash flowing business. Soon to be the only laundromat in the City of Negaunee. Business and building come with all of the washers, dryers, soap dispenser, and coin machine. The equipment has been maintain very well. In addition to this business, there are two apartments upstairs that needs some tlc, but would add to the investment in this building. Check out this property today!

Commercial Active

Price

^$ 175,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Commercial/Industrial

Lot Size

0.04

Year Built

1926

Town/City

Negaunee

County/Region

Marquette

MLS | Web ID

50155674

Features

General

Heating Boiler Space Heater

Cooling None

Roof Rubber

Zoning B-2 Business District Commercial

Water Public Water

Status Active Active

Year Built 1926

Parking 3-5 Spaces

Subdivision Teal Lake Avenue MI

Water Heater Gas

County Marquette

Class COM/IND/BUS OPP

Type Commercial/Industrial

Business Type Laundromat and apartment

Business Name King Koin Laundry

Percent Ownership Private

Municipality Negaunee

Flood Insurance Not Required

Commercial Features 220 Volt Power Alley Cable TV Available Internet Available Fixtures Floor Drain Furniture Restroom(s) Sidewalks Tile Floors

Area Negaunee (52021)

Primary City Negaunee

Location Main Street Residential Area

Directions From US 41 turn on to Teal Lake Avenue follow for 5 blocks property will be on the right.

City Negaunee

Financial Terms Cash Commercial Loan Conventional

Legal Description N 39 1/2' of Lot 7 Blk 12 of Pioneer Iron Co Plat

DOM 2

Postal Code 49866

Price Per Sq Ft Total AG 70.11

Coming Soon

Exterior

Exterior Block Vinyl Siding

Frontage 40

Body of Water none

Flood Plan None

Lot Size Area 0.04

Lot Dimensions 40x50

Well/Septic Inspection Done No

Water Features None

Roads City/County Curbed Paved Street Year Round

Waterfront Y/N No

Interior

Ceiling Height Less than 16 Ft.

Fuel Type Natural Gas

* Excluded Features

List By

BRADLEY ARGALL

Listing Agent

Re/Max 1St Realty

Broker

bradargall@gmail.com

Affordability Calculator

$1,048

Per Month

Monthly Principal & Interest: $1,048
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 5.99% 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 Negaunee, MI

Average List Price ^$947,411

Percent of Sale Price 441%

About Negaunee, MI

4,527 Population

-2% Since 2002

^$48,061 Median Income

40.22 Median Age

27% 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
9/18/2024	$175,000		Listed Price

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309 Teal Lake Avenue, Negaunee, MI, 49866 is a Commercial Property for sale at $175,000 with 2,496 sqft and a lot size of 0.04. 309 Teal Lake Avenue is a studio with 0.0 baths and was built in 1926. The property's zip code is 49866 which is in Negaunee, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 5.99% 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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309 Teal Lake Avenue

Commercial Property for sale in Negaunee, MI

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