Attention: Investors & Entrepreneurs! Looking for a profitable investment or the perfect space to launch your business while living on-site? This expansive commercial building (approx. 6,800 sq. ft. finished above grade) is fully leased and offers a lucrative revenue stream. The building features two main level commercial units—one with handicap/wheelchair accessibility—plus four upper level one-bedroom apartments. Additionally, the basement provides extra storage, which is also rented. Numerous updates have been done over the past 5 years including some electrical and plumbing, hot water on demand/boiler heating system with dual zone control (2021), new roof/membrane (2021) and renovated units! Located in a high-visibility, high-traffic area of Elliot Lake, this property delivers a strong return and long-term value. Whether you're an investor seeking passive income or an entrepreneur looking to run a business and live on-site, this is an opportunity you don’t want to miss! Note: Apartment photos are for illustrative purposes only and were taken after the units were updated and prior to past/present tenant occupancy. The appearance of the units may differ due to tenant belongings and furnishings, but the images help showcase some of the unit’s features and layout. (id:47421)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Equipment
None
Ownership Type
Freehold
Property Type
Multi-family
Rental Equipment
None
Storage
Storage in Basement
Transaction Type
For sale
Zoning Description
C1 - Commercial
Building
Basement Type
Full, Partial
Cooling Type
None
Foundation Type
Block
Heating Type
Boiler
Roof Material
Membrane
Roof Style
Unknown
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Other
Land
Total Size
under 1/2 acre
Access Type
Year-round access
Sewer
Municipal sewage system
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