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6456 W Western AVE Glen Arbor Twp, MI 49636
1,375 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,375 sqft
Price per Sqft $418
MLS Listing ID 78080075065
Year Built 1960
Lot Size 0.390 Acres
Acres 0.39
Property Description
Here’s an opportunity to own a piece of Glen Arbor and the home of the 49636 Post Office. A 1375 sqft building on a 0.4 acre parcel in the heart of town, directly across from Arts Tavern and just a block from the beach. A new septic tank and pump chamber were installed in 2022 and privacy and decorative fencing and tree cleanup were completed around the same time. The lease rates work out to about the same return as current 10-year treasury bond yields, (and arguably the same low-risk profile) but with the upside of long-term appreciation of the land. The current lease with USPS runs through November 2027 and a new lease has been negotiated but not signed, so the future owner has an opportunity to finalize their own terms.
Location
State MI
County Leelanau
Area Area45041Glenarbortwp
Interior
Heating Forced Air, Propane
Cooling Window Unit(s)
Fireplace No
Exterior
Parking Features ParkingLot, Other
View Y/N No
Building
Foundation Slab
Sewer Septic Tank
Water SharedWell
New Construction No
Schools
School District Glen Lake
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Listed by Peter J Fisher of Coldwell Banker Schmidt-Glen A