Berlin Twp, MI 48849,3823 Portland Road
$670,000
$725,000
7.6%
Est.Price: ?

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10,000 SqFt

3823 Portland Road Berlin Twp, MI 48849

Est. payment /mo
SOLD DATE : 01/31/2018

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Key Details

Sold Price $670,000

Property Type Commercial

Sub Type Business And Real Estate

Listing Status Sold

Purchase Type For Sale

Square Footage 10,000 sqft

Price per Sqft $67

MLS Listing ID 65017036724

Sold Date 01/31/18

Originating Board Greater Regional Alliance of REALTORS®

Year Built 1975

Annual Tax Amount $6,243

Lot Size 50.000 Acres

Acres 50.0

Lot Dimensions 1990 x 630 x 1300 x 1315

Property Description

50 acres of land with a successful, actively operating dirt race track. Property could continue to be used as a racing facility or re-development. The site currently has a license to sell food, beer and wine. It has been used for concerts and multiple other events. If a buyer is interested in continuing the operation of the speedway, the owner would stay on for a period of time as a consultant.Conveniently located near the expressway at the Lake Odessa exit. The Grand stands can comfortably accommodate 8,000 people. The site also contains multiple buildings which are currently used for servicing racing vehicles and track maintenance equipment. The current owner generates revenue from concessions, admission fees, private box seating and track advertisements. See virtual tour under photo

Location

State MI

County Ionia

Area Berlin Twp

Zoning Other

Direction To I96 exit 64, Lake Odessa, then south on Jordan Lake to Portland Rd. then west 1 mile, Track on south side of road.

Interior

Heating Baseboard

Heat Source LP Gas/Propane

Exterior

Road Frontage Paved

Building

Sewer Septic Tank (Existing)

Water Well (Existing)

Structure Type Block/Concrete/Masonry,Metal Siding,Other,Wood

Schools

School District Lakewood

Others

Tax ID 01103300002000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Unknown/Data Share Listings

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Realcomp MLS
Listed by Corey P Lee of Greenridge Realty (Lowell)
Bought with Greenridge Realty (Lowell)

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David Elwood

Broker Associate | License ID: 6506045662

+1(248) 568-5958

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