Rare opportunity to own an historic mixed use building that is situated on highly visible US-23; the main corridor to the Tawas Bay region in the beautiful northeast section of Michigan's lower peninsula. Located in the heart of Tawas City's downtown business district, this stand-alone building offers easy access from multiple directions, with ample parking. Residential upstairs contains six (6) apartments and multiple storage rooms. Downstairs includes three (3) large storefront spaces, a quaint canopied retail store, and three (3) offices. Kitty corner on US-23 is Tawas City's newly renovated Shoreline Park, beach and pier. Behind the building and across the street flows the serene Tawas River that shortly ends into the mouth of Tawas Bay on Lake Huron. At full occupancy, with adequate reserves for maintenance and management fees, the Liberty Building has an indicated value of $621,000 at a capitalization rate of 7%. EXCEPTIONAL LAND CONTRACT TERMS AVAILABLE TO QUALIFIED BUYER.
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