2191 Valley Road Honor, MI ^$ 885,000

2191 Valley Road

^$ 885,000

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2191 Valley Road

Honor, MI, 49640

^$ 885,000

Studio Baths0.0 Sq 3,018

Monthly Estimate*

^$ 5,882

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Studio

Commercial Property for sale in Honor, MI

for $885,000. This 3,018 square foot building was built in 1970 on a lot size of 2.25.

The business was started in 1970 and serves Leelanau, Benzie, Grand Traverse, Wexford and Manistee Counties. The business has approximately 800 generator service contracts, 100 new generator installs and 350 electrical customers annually. The business currently has 7 full time employees and 2 part time. Most employees have been working here for 8 to 16 years. Included with the sale is the business entity, 3,018' building w/offices, land, equipment, supplies, tools and vehicles. A detailed list of items that go with the sale and financials will be provided with a signed NDA. The generator inventory does not go with the sale but can be purchased separately.

Commercial Active

Price

^$ 885,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Commercial/Industrial

Lot Size

2.25

Year Built

1970

Town/City

Honor

County/Region

Benzie

MLS | Web ID

80011632

Features

General

Heating Baseboard

Possession Negotiable (Possession)

Roof Asphalt

Water Private Well

Status Active Active

Year Built 1970

Parking 11-20 Spaces 21+ Spaces Parking Lot

Subdivision N/A MI

County Benzie

Class COM/IND/BUS OPP

Type Commercial/Industrial

Business Name Your Electric Company

Percent Ownership Private

Municipality Homestead Twp

Section 9

Zoning Commercial

Commercial Features Bath Fixtures Overhead Doors

Area Homestead Twp (10007)

Primary City Honor

Location Corner Lot

Directions From Interlochen follow US-31 S for about 13 miles before turning right on Valley Road. Property is immediately to the right on Valley Road.

City Honor

Street Name Valley

Financial Terms Cash Commercial Loan

Legal Description See Associated Documents.

DOM 251

Postal Code 49640

Price Per Sq Ft Total 293.24

Coming Soon The business was started in 1970 and serves Leelanau Benzie Grand Traverse Wexford and Manistee Counties. The business has approximately 800 generator service contracts

Exterior

Exterior Frame Vinyl Siding

Lot Size Area 2.25

Lot Dimensions 371.74x352.1

Interior

Fuel Type Electric

* Excluded Features

List By

Thomas Cronin

Listing Agent

Traverse Real Estate

Broker

traverserealestate@gmail.com

Affordability Calculator

$5,882

Per Month

Monthly Principal & Interest: $5,882
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Honor, MI

Average List Price ^$531,750

Percent of Sale Price 40%

About Honor, MI

331 Population

9% Since 2002

^$50,450 Median Income

50.64 Median Age

17% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/29/2024	$885,000	-10.15%	Price Down
9/28/2023	$985,000		Listed Price

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2191 Valley Road, Honor, MI, 49640 is a Commercial Property for sale at $885,000 with 3,018 sqft and a lot size of 2.25. 2191 Valley Road is a studio with 0.0 baths and was built in 1970. The property's zip code is 49640 which is in Honor, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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2191 Valley Road

Commercial Property for sale in Honor, MI

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