402-408 S Oak Buchanan, MI ^$ 1,395,000

402-408 S Oak

^$ 1,395,000

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402-408 S Oak

Buchanan, MI, 49107

^$ 1,395,000

Studio Baths1.0

Monthly Estimate*

^$ 9,272

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Studio

Commercial Property for sale in Buchanan, MI

for $1,395,000 with 1 full bath. This building was built in 1920 on a lot size of 0.73.

Approved cannabis grow facility. Remodeling was started in 2023 and is about 90% finished.

Commercial Active

Price

^$ 1,395,000

Bedrooms

Studio

Full Bath

Property Type

Commercial

Taxes

^$ 6,032

Style

Retail/Commercial

Lot Size

0.73

Year Built

1920

Town/City

Buchanan

County/Region

Berrien

MLS | Web ID

24016641

Features

General

Sewer Public Sewer

Cooling Central Air

Utilities Phone Available Storm Sewer Available Public Water Available Public Sewer Available Natural Gas Available Electric Available Cable Available Broadband Available Phone Connected Natural Gas Connected

Possession Close Of Escrow

Roof Metal

Construction Materials Metal Siding

Year Built 1920

Township Buchanan City

Property SubType Retail/Commercial

Tax Year 2024

Business Type Other

County Berrien

New Construction N

Property Type Commercial Sale

Attached Garage N

Building Features Security System

Status Active

Directions Take South Red Bud Trail to Smith Street then East on Smith to Oak Street. Property is located on the corner of Smith & Oak Streets.

City Buchanan

High School District Buchanan

Zoning Description Industrial

NumberOfUnitsTotal 3

MLS Area Southwestern Michigan - S

Lot Size Units Acres

Lot Size Square Feet 31799.0

Waterfront Y/N N

Street Name Oak

Land Lease Y/N N

Tax Annual Amount 6032.5

Lease Renewal Y/N N

MLS Area Minor Southwestern Michigan - S

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 51

Standard Status Active

Tax Assessed Value 111447

Ownership Type LLC

Legal Description At Listing Office

Senior Community None

Exterior

Parking Features Aggregate Driveway

Water Source Public

Inclusions {u'Equipment': True u'Real Estate': True}

Lot Size Area 0.73

Foundation Details Slab

Number of Buildings 3

Spa N

Building Area Total 10914.0

Lot Dimensions 286' x 105'

Lot Size Acres 0.73

Road Surface Type Paved

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Fireplaces 3

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Full Baths 1

Electric On Property Y/N N

Total Baths 1

Internal Only

Street Number 1 402408

* Excluded Features

List By

Cressy Commercial Real Estate

Broker

jringler@cressy.com

Affordability Calculator

$9,774

Per Month

Monthly Principal & Interest: $9,272
Monthly Property Taxes: $503
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

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 Buchanan, MI

Average List Price ^$499,418

Percent of Sale Price 64%

About Buchanan, MI

4,532 Population

-5% Since 2002

^$46,593 Median Income

40.08 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

249011 Elementary School

250465 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/9/2024	$1,395,000		Listed Price

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402-408 S Oak, Buchanan, MI, 49107 is a Commercial Property for sale at $1,395,000 with a lot size of 0.73. 402-408 S Oak is a studio with 1.0 baths and was built in 1920. The property's zip code is 49107 which is in Buchanan, 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.

Listing data provided courtesy of the Internet Data Exchange Program of MichRIC, LLC

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of MichRIC, LLC. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information Deemed Reliable But Not Guaranteed

Data is updated as of 6/4/2024.

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402-408 S Oak

Commercial Property for sale in Buchanan, MI

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