Complete info: http://3050territorialrd.WillSellQuick.com - This is a perfect investment property. A 3200 sq.ft. commercial building with 4.6 acres of land with two double-sided billboards on Territorial Road and I-94. Zoning is commercial. The property has a 40x80 warehouse building which was built in 1980 and formerly housed "Smitty's Chain Saws". The Chain Saw Shop was a family business purchased by the current owner in the 1970's. The building has an office and bathroom in the front. The business was closed in 1996. Left inside were a dozen new fireplace inserts and wood stoves, a corn/pellet stove valued at over $4000, dozens of used chain saws, and parts in labeled boxes, chain saw bars and chains, and internal parts in labeled drawers and envelopes. The inventory in the shop is included in the purchase price or the purchase price of the property could be negotiated without and the seller will auction off the inventory. The building and property was also once used for a satellite sales and servicing business and could be used for many other business opportunities. The building has two service doors and one 12x9 overhead garage door. The property is triangular shaped and a 1/3 or more of the property is wooded area. See the map and aerial view. Adams Outdoor Advertising has built two double-sided billboards on the property which are under contract for $5800 per year. That's over $480 per month which could be used towards the payment for the property. The billboards are at opposite ends of the property and both are along I-94. This is the last year of a five-year contract with Adams Outdoor and they have the option to renew the lease contract for another five years. Owner has many offers to rent out the building and land, making this a perfect investment opportunity for a buyer. Over 300,000 people drive by this property each day. The road frontage on I-94 is a great advertising venue for any business. The state has stated in the past that they were interested in buying a portion of the property when they rebuild the bridge on Territorial Road which crosses over I-94. The owner's are selling the property to create venture capital for another business, and would be interested in buying back the property on a land contract from the purchasers. The selling price could be negotiated based upon the purchaser's agreement to sell it back on a land contract under reasonable terms to the seller. The owner understands that the land needs to have some yard maintenance to clear the overgrowth of weeds and will provide that service before closing. They are also willing to paint the exterior to suit the buyer's needs. Contact Brian Sigler at 765-532-7118 with 1st Signature Lending to arrange your financing needs for this property.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
