Overview
- Building and Land, Mixed
- 0
Description
Fully-Leased 6-Unit Downtown Core Commercial Building, With Main Floor Commercial & 5 Residential Units Above, In The Heart Of Midland’s Main Retail District. Commercial Main Floor, Currently Operating As A Successful 149-Seat Restaurant, Has Been Completely Renovated, Along With The Exterior, In 2016. Roof Completely Redone In 2022. Great Long-Term Tenants In Place With Good Income And Huge Upside Potential. Property Backs Onto A Massive Municipal Parking Lot Offering Phenomenal Exposure Along Both King Street And At Rear Of Building. Extremely High Traffic Location With Both Drive-By & Walk-In Traffic. Full Height, Fully Finished Basement Offers Additional Potential. Wheelchair Accessible. Very Well Maintained. Please Contact For Financials.
Address
Open on Google Maps- Address King
- City Midland
- State/county Simcoe County
- Zip/Postal Code L4R 3M6
Details
Updated on January 25, 2024 at 6:24 pm- Property ID: 40498131
- Price: $1,095,000
- Bedroom: 0
- Property Type: Building and Land, Mixed
- Property Status: Commercial Sale
Additional details
- PhotosCount: 48
- ITSO_NumberOfBachelorUnits: 0
- CrossStreet: King St. & Hugel Ave.
- ITSO_CoListAgent2Designation: Salesperson
- ITSO_SurveyType: None
- ListingKeyNumeric: 144355283
- MajorChangeType: Active Under Contract
- MLSAreaMajor: MD - Midland
- TaxAnnualAmount: 11583.71
- ITSO_NumberOfStudioUnits: 0
- OriginatingSystemName: The Lakelands
- MlsStatus: Conditional
- StreetNumber: 282
- ListingKey: 3486481bcf73862c01d7687c60802bc8
- ITSO_NumberOfEfficiencyUnits: 0
- ITSO_NumberOfRetailUnits: 1
- ITSO_StreetViewParam: 1$44.749596711474$-79.885257006238$227.36$12.47$1.00$
- Directions: Take King St. (North) From Highway 12 To #282 (On Left).
- ITSO_NumberOfResidentialUnits: 5
- ITSO_NumberOfOtherUnits: 0
- InternetAddressDisplayYN: 1
- WaterSource: Municipal
- StoriesTotal: 2
- ITSO_AcresRange: < 0.5
- BuildingAreaUnits: Square Feet
- InternetEntireListingDisplayYN: 1
- InternetAutomatedValuationDisplayYN: 1
- ITSO_NumberOfLoftUnits: 0
- DirectionFaces: East
- ITSO_OfferInstructions: Offers Welcome Anytime With Minimum 72 Hours Irrevocable.
- ITSO_NumberOfPenthouseUnits: 0
- InternetConsumerCommentYN: 1
- BuildingAreaTotal: 11136
- ITSO_ConditionalSaleIndicatorCode: Continue to Show
- CoListAgentDesignation: Salesperson
- ITSO_KitchensTotal: 0
- ITSO_CoListAgent3Designation: Salesperson
- ITSO_CommercialDoorsCount: 0
- MajorChangeTimestamp: 2024-01-22T19:18:16.720Z
- ITSO_NumberOfApartmentUnits: 0
- ITSO_TransactionType: Sale
- ListingContractDate: 2023-10-13
- MLSAreaMinor: MD02 - West of King Street
- FarmLandAreaUnits: Square Feet
- Zoning: DC
- ITSO_StatusContractualSearchDate: 2024-02-14
- Basement: Full
- PhotosChangeTimestamp: 2024-01-22T19:19:39.018Z
- AssociationFee2Frequency: Monthly
- StateOrProvince: ON
- AboveGradeFinishedAreaUnits: Square Feet
- FrontageLength: 27.00
- BridgeModificationTimestamp: 2024-01-22T19:19:39.033Z
- FrontageType: West
- ParcelNumber: 584640067
- ITSO_LotDepth: 158
- ITSO_CurrentPrice: 1095000
- StreetSuffix: Street
- LotSizeDimensions: 158 x 27
- ModificationTimestamp: 2024-01-22T19:18:16.720Z
- ITSO_CommonInterest: Freehold/None
- BelowGradeFinishedAreaUnits: Square Feet
- Sewer: Sewer (Municipal)
- Utilities: Garbage/Sanitary Collection,Natural Gas Connected,Recycling Pickup
- LotFeatures: City Lot,High Traffic Area,Public Transit,Visual Exposure
- NumberOfUnitsTotal: 0
- FeedTypes: IDX
Features
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