Located on the iconic Michigan Highway M22 and the Betsie Valley Trailhead. Great income opportunity. An attractive commercial building located in beautiful downtown Elberta, Michigan. The building has been completely renovated and has a 98% rental success rate. Three upstairs apartments, one two bedroom and two one bedroom, are continuously occupied. The two commercial spaces on the main floor have street access, each has its own bathroom and office space, are currently unoccupied. Those spaces could be converted to residential apartments or continue to be a commercial use according to the current village zoning. There is a four bay garage at the west of the property, each bay is separately rented at this time, as well. A lovely fenced and landscaped garden area is accessed from the south commercial space as well as a private gate. 24 hour notice is required to see the apartments.
Off market
$490,900
703 Frankfort Ave, Elberta, MI 49628
--beds
0baths
5,395sqft
MultiFamily
Built in 1863
-- sqft lot
$490,900 Zestimate®
$91/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced air, Gas
Cooling
- Central
Appliances
- Included: Range / Oven, Refrigerator
Features
- Flooring: Concrete
Interior area
- Total interior livable area: 5,395 sqft
Property
Parking
- Parking features: Garage - Detached
Features
- Exterior features: Vinyl
Lot
- Size: 8,712 sqft
Details
- Parcel number: 0650109400
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Metal
Condition
- Year built: 1863
Community & neighborhood
Location
- Region: Elberta
Services availability

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