Vi's Deli building
aka Historic Klubbert Butcher Shop
Current condition of property:
The one-story deli building is in good condition. Vi has leased the building for many years and the business is a popular downtown meeting place.
Market value of this property as is: $150,000
Size of each floor: 40x50 ft.
Current income of the ground floor ($13/sq.ft./year)
If the building had a full rehab:
Cost to rehab ground floor ($50/sq.ft.)
Potential income of the ground floor ($20/sq.ft./year)