• 43 North Realty, LLC
  • 202 E Superior Street
    Alma, MI 48801

120 E Newark Street
Ithaca MI 48847

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Ithaca - MLS# 1914545

Solid NNN investment opportunity with huge upside potential! This busy, full-service veterinary hospital has been an integral part of the community for over 50 years. 4 years remain on the initial term of a NNN lease with large, national veterinary corporation. Two, 5-year renewal options with integrated 5% bumps built into the lease. First floor commercial space is rented to a corporate veterinary tenant. Animal Hospital consists of waiting room, reception area, 3 exam rooms, laboratory/treatment room, surgical prep room, surgery room, instrument storage room, 2 bathrooms, separate dog and cat kennel rooms, inpatient kennel room, and storage closet. Detached garage contains employee break room and is split between upstairs tenant and commercial tenant for storage/vehicles 2 bedroom, 1 bath apartment with large living room, kitchen and dinning room on second floor of building. Apartment is currently rented month-to-month to an employee for well below current market rents. First floor commercial space is scheduled to undergo complete refresh (paint, flooring, decor) in 2024, to be paid for 100% by tenant, which will add significant upside value as well. Spacious fenced back yard with attractive landscaping and firepit. **This sale will be part of a 1031 exchange** ****Owner is a licensed Real Estate Salesperson in the State of Michigan****

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43 North Realty, LLC

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Phone: (989) 463-1219

202 E Superior Street
Alma, MI 48801

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202 E Superior Street
Alma, MI 48801

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