It's All About You! Salon | 115 S Pine River St
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It's All About You! Salon 115 S Pine River St
4,565 SF Vacant Retail Building Ithaca, MI 48847 $356,000 ($78/SF) 7.48% Cap Rate
Investment Highlights
- Great downtown location
- Room for 4-5 more cosmetologists
- Apartments and commercial space cash-flow well
Executive Summary
The salon is being sold with real estate. The salon is only 25% occupied. Real Estate includes 2 apartments and commercial space. All occupied.
Financial Summary (Pro forma - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,565 SF
Building Class
B
Year Built/Renovated
1900/2015
Price
$356,000
Price Per SF
$78
Cap Rate
7.48%
NOI
$26,642
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Zoning
Commercial/Residential
PROPERTY TAXES
| Parcel Number | 52-010-143-00 | Improvements Assessment | $0 (2024) |
| Land Assessment | $0 (2024) | Total Assessment | $54,900 (2024) |
PROPERTY TAXES
Parcel Number
52-010-143-00
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$54,900 (2024)
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It's All About You! Salon | 115 S Pine River St
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