Business premises, Yrittäjänkatu 22, Mikkeli – Versatile commercial property in a good location, Mikkeli

Offered is a large and versatile commercial, office and warehouse property in a good location in Mikkeli's business area. The property is well suited for an investor, a company in need of space, or for phased development into a leased asset.

The property includes retail space, offices and one 56 m² apartment. Total floor area is approximately 2,670 m² and the plot size is 8,518 m². The building was completed in 1969.

Current occupancy is about 65%, so there is significant cash-flow growth potential through active leasing. Fully let, the estimated rental income is approximately €120,000–€140,000 per year.

The property is on a leased plot. The landlord is the City of Mikkeli and the ground lease runs until 14 November 2042. The ground rent is €12,429 per year.

Heating is district heating, with annual cost of about €32,000.

Property details

• Address: Yrittäjänkatu 22, Mikkeli

• Year built: 1969

• Total floor area: approx. 2,670 m²

• Plot area: 8,518 m²

• Spaces:

  • Retail space

  • Office space, approx. 200 m²

  • Storage space

  • Apartment 56 m²

• Occupancy rate: approx. 65%

• Leased plot: City of Mikkeli (also responsible for any contaminated soil from previous activity)

• Ground rent: €12,429/year

• Ground lease valid until: 14 November 2042

• Heating type: district heating

• District heating cost: approx. €32,000/year

• Estimated rental income if 100% let: €120,000–€140,000/year

The property offers a good combination of current cash flow and opportunities for value development and rental growth. The large plot also allows operational flexibility, for example for logistics, parking or business expansion.