3419 W Russell Rd
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3419 W Russell Rd
8,514 SF 100% Leased Retail Building Tecumseh, MI 49286 $520,000 ($61/SF)
Investment Highlights
- 1.36 ACRES WITH OPTION TO PURCHASE ADJACENT VACANT LAND 0.63 ACRES GREAT FOR DEVELOPMENT OR INCOME
- CABINET AND COUNTERTOP SHOWROOM TURN KEY FOR ANY SERVICE BUSINESS OR INVESTOR
- NEWLY RENOVATED LOTS OF WAREHOUSE AS WELL
- ESTABLISHED PAINTING BUSINESS AND CABINET-COUNTERTOP, ETC. PRODUCT SHOWROOM FOR SALE
Executive Summary
Space is 95% lease with all tenants recently renewed for 2 years. Business (Integrity Painting Pros) for sale as well for $200,000. All included in the total price of $525,000.
Financial Summary (Actual - 2021) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$7,888
|
$0.93
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$7,888
|
$0.93
|
Financial Summary (Actual - 2021)
| Taxes | |
|---|---|
| Annual | $7,888 |
| Annual Per SF | $0.93 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $7,888 |
| Annual Per SF | $0.93 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,514 SF
Year Built/Renovated
2000/2020
Price
$520,000
Price Per SF
$61
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.36 AC
Zoning
COMMERCIAL - Per the Raisin Township Zoning Department, the subject is currently zoned, "C-2"
Frontage
175 FT on RUSSELL
Amenities
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | RA0-104-1290-00 | Total Assessment | $178,300 (2024) |
| Land Assessment | $0 (2024) | Annual Taxes | $7,888 ($0.93/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2021 Payable 2022 |
PROPERTY TAXES
Parcel Number
RA0-104-1290-00
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$178,300 (2024)
Annual Taxes
$7,888 ($0.93/SF)
Tax Year
2021 Payable 2022
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3419 W Russell Rd
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