SOLID long term investment. If you are looking for a commercial building to invest in that has an A+ renter .....this is it. The current lease is with the State of Michigan and has been in place since 1992. Built in 1997 this 18,216 sq. ft. beautiful building is very well maintained is on a great location off M-55 between Cadillac and Lake City, Michigan. The lot size is 385' X 505' (4 Acres) and there is 385' of highway frontage. Has approx. 80 parking spaces to ensure plenty of parking spots for employees and customers. The current lease expires on March 31, 2017 and there are two five new renewal options that run through March 31, 2027. The current lease amount is $15,926.53 triple net per month and in the renewal periods the lease will be $13,346.25 per month triple net. Through the two year extesnion period there are approx. 202 months remaining. With the tenant excerising their option of extensions the gross lease should represent approx. $2,907,525.00 dollars. With the asking price of property being only $1,800,000.00 the return on investment is excellent Asking price is $1,800,000 and may be negotiable. Annual cash flow and financial statements available upon signing a confidentiality agreement and proof of available funds or financing . Contact us at 231-839-6500 View this listing Number 20902945