- 13,632
- sqft
- 1987
- year built
- Status:
- Active
- MLS #:
- 80069210
- Listed By:
- Ryan Smith - II GEMINI, LLC
- Agent Phone:
- (989) 708-6850
- Agent Email:
- ryan@geminicapitalmgt.com
Sponsoring Broker: Shawna Alt, First Weber
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 “village street†layout with storefront-style suites. The property totals approximately 13,600 square feet and is situated on a 100’ x 165’ 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 seller’s 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.
Highlights
- Commercial Sale
- Built in 1987
- 0.38 Acre Lot
- 161 days on Market
-
- Year Built
- 1987
-
- Construction Materials
- Frame, Brick
-
- Interior Features
- Elevator
-
- Heating
- Forced Air, Natural Gas, Hot Water
-
- Acres
- 0.38
-
- Utilities
- Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Connected
-
- Water
- Public
-
- Area
- Ithaca (29023)
-
- County
- Gratiot
-
- City
- Ithaca
-
- Neighborhood
- Ithaca
-
- Zip Code
- 48847
-
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Estimated Value
$244,315
Estimated Sales Price Range:
$195,452 - $293,178
Source: Constellation Data Labs
Price History
| 02/19/2016 | Sold | $130,000 |
| Source: Northern Great Lakes REALTORS MLS #1811890 | ||
| Listed | $150,000 | |
| Source: Northern Great Lakes REALTORS MLS #1811890 | ||
| 06/04/2026 | Listed | $299,900 |
| Source: MiRealSource #80069210 | ||
| 06/04/2026 | Listed | $299,900 |
| Source: Northern Great Lakes REALTORS MLS #1946110 | ||
| 07/24/2025 | Listed | $775 |
| Source: Realcomp #79080060052 | ||
| 07/24/2025 | Off Market | — |
| Source: Northern Great Lakes REALTORS MLS #1936753 | ||
| 05/17/2023 | Off Market | — |
| Source: Realcomp #79080006521 | ||
| 05/17/2023 | Off Market | — |
| Source: Realcomp #79080006520 | ||
| 05/17/2023 | Off Market | — |
| Source: Realcomp #79080006519 | ||
| 05/16/2023 | Off Market | — |
| Source: Northern Great Lakes REALTORS MLS #1911042 | ||
| 02/12/2025 | Sold | $775 |
| Source: MiRealSource #80006521 | ||
| 05/16/2023 | Listed | $950 |
| Source: MiRealSource #80006521 | ||
| 11/14/2023 | Sold | $650 |
| Source: MiRealSource #80006519 | ||
| 05/16/2023 | Listed | $650 |
| Source: MiRealSource #80006519 | ||
| 10/01/2023 | Sold | $500 |
| Source: MiRealSource #80006520 | ||
| 05/16/2023 | Listed | $500 |
| Source: MiRealSource #80006520 | ||
| 02/19/2016 | Off Market | — |
| Source: Realcomp #79001323665 | ||
| 02/15/2016 | Off Market | — |
| Source: Northern Great Lakes REALTORS MLS #1811890 | ||
| 11/04/2014 | Off Market | — |
| Source: Realcomp #79001322633 | ||
Source: MLS Data
Deed History
| 12/06/2022 | Warranty Deed | $200,000 |
Source: Public records via Constellation Data Labs
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Similar Listings
Look Throughout Ithaca
There are currently 18 properties available in Ithaca, with 2 under contract to close soon. Properties in the city have an average sale price of $186,243 and typically spend 98 days on the market before being sold.
Want to compare this property to others available for sale in the area? Use our search to find exactly what you want among our 2,000,000+ listings and to see incredible photos to show you what is possible.
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Source: ez Home Search, MLS Data
Frequently Asked Questions
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How do I get more information about 108 E Center St?
Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $299,900. We can talk through recent upgrades, potential seller motivation, how this commercial sale compares to others in Ithaca, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 108 E Center St?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 108 E Center St at around $1,707. This includes estimated property taxes and insurance.
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How do I get pre-approved to buy 108 E Center St?
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Can I negotiate the asking price for 108 E Center St?
In most cases, yes. Whether 108 E Center St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Ithaca's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 108 E Center St?
We can handle that for you. Our preferred local agent specializes in commercial sales in Ithaca and can guide you through every step of the offer process.
You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
What is the price per square foot for this home?
This home is listed at $299,900 with 13,632 sqft of space—that comes out to approximately $22 per square foot.
How long has this property been on the market?
108 E Center St was listed on June 04, 2026, which means it's been on the market for 161 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1987, making it approximately 39 years old.
What is the lot size of this property?
108 E Center St sits on a 0.38-acre lot, which is 16,553 square feet.
Is 108 E Center St still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
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