Ursula Froes - Arterra Realty Logo
$299,900
( $22.00Per Sq Foot )
 $1,610 est/mo Sourced by Back At You

108 E Center Street,Ithaca, MI 48847

Ithaca, MI 48847

Share:

PreviousNext

Description

Fully occupied downtown Ithaca commercial investment property located at 108 E. Center Street, commonly known as The Village Shoppes. This distinctive brick commercial building was built in 1987 and features excellent downtown frontage, multiple tenant spaces, attractive common areas, and a unique interior âœvillage streetâ� layout with storefront-style suites. The property totals approximately 13,600 square feet and is situated on a 100â x 165â lot. The building is currently 100% occupied with six tenant spaces and scheduled annual rent of approximately $65,600. Current tenants include a mix of office, retail, and service-oriented users. The property is zoned Downtown Commercial and includes a standard elevator serving all floors. Street parking and nearby municipal parking are available. Utilities are landlord paid. Financial information, rent roll, and pro-forma are available in the listing documents. Based on the sellerâs pro-forma, the property is being offered at an approximate 9% pro-forma cap rate. Seller financing or land contract terms may be considered. Buyer to verify all property information, square footage, leases, expenses, taxes, zoning, utility arrangements, permitted uses, and pro-forma assumptions.

Details

MLS #80069210
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusActive
Year1987
Days On Site99
Listing Provided ByII GEMINI, LLC | Ryan Smith

Features

SQ Feet13,632
ZoningCommercial
Acreage0.38
Water FrontYes

Interior

Heating Yes / NoYes
HeatingForced Air, Hot Water

Exterior

RoofAsphalt
Construction MaterialsBrick, Frame
Lot FeaturesShopping Center

Utilities

UtilitiesNatural Gas Connected, Sewer Connected, Water Connected

Other

List AorCentral Michigan Association of REALTORS

Area Information

StateMI
CountyGratiot
CityIthaca
Zip Code48847
AreaIthaca (29023)
Community NameIthaca
Listing VS Median (in Ithaca)
Price:
$299,900
low | high
Med:
$299,900
50% of Average
sqft:
13,632
low | high
Med:
13,632
50% of Average
$ / sqft:
$22
low | high
Med:
$22
50% of Average
On site:
99
low | high
Med:
99
100% of Average
Sourced by Back At You

Market Activity 48847

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Arterra at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
MLS Internet Data Exchange (IDX) information is provided exclusively 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, and that the data is deemed reliable but is not guaranteed accurate by the MiRealSource MLS.

Contact

Learn More About This Property

Ursula Froes

Ursula Froes

Arterra

 (248) 252-0075ursula@arterraluxe.com
StateMI
CountyGratiot
CityIthaca
Zip Code48847
AreaIthaca (29023)
Community NameIthaca
Listing VS Median (in Ithaca)
Price:
$299,900
low | high
Med:
$299,900
50% of Average
sqft:
13,632
low | high
Med:
13,632
50% of Average
$ / sqft:
$22
low | high
Med:
$22
50% of Average
On site:
99
low | high
Med:
99
100% of Average
Sourced by Back At You
Listing Updated: July 10, 2026 at 1:49:15 PM PDT