This unique offering features a versatile street-level commercial space and two fully-occupied residential one bedroom apartments above, located in the heart of Central Lake. The ground-floor commercial space is a testament to its long-standing success as a hair salon, with a strong legacy and a team of stylists who are integral to its operations and who are eager to continue under new management. This presents a rare "walk-in and go" business opportunity, with a built-in staff and customer base. The space's versatility, however, is its greatest asset, easily convertible to a variety of other uses, including professional offices, a welcoming coffee shop, or a vibrant retail store. The property's residential component is a key asset, featuring two apartments currently occupied by long-term, stable tenants who wish to remain in the building. This provides a consistent and reliable rental income stream from day one, helping to offset ownership costs and increase the property's overall return. While the building is a charming, historic structure and is currently generating income, it is being offered as-is and is in need of some repair and updating. This presents a unique value-add opportunity for a savvy investor or a visionary owner to renovate and revitalize the property, enhancing its value and unlocking its full potential. This is a rare find for a buyer who can appreciate a property with both immediate income and substantial upside. Whether you're an investor looking to start a new project or an entrepreneur ready to capitalize on a prime location, this listing offers a strategic path to profitability and growth.
Location not available
Exterior Features
Style Duplex
Construction Single Family
Siding Brick
Garage No
Interior Features
Appliances Oven, Refrigerator, Range
Heating ForcedAir, NaturalGas, WallFurnace
Year Built 1920
Neighborhood & Schools
High School CentralLake
Financial Information
Parcel ID 054209002100
Listing Information
Properties displayed may be listed or sold by various participants in the MLS.