Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1001 Fournie St Midland, MI 48640

    Sponsored
    For Sale
    $184,900

    1 Story, Duplex - Midland, MI

    Type:Duplex
    Property size:
    1,350 SF
    Lot size:
    0.17 Acres
    Days on Market:
    7
    Last Refresh:
    Feb 12 at 4:06 am

    Property Features for 1001 Fournie St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    2
    APN
    180-141-640-660-00
    Parking features
    Driveway, Garage, Garage - Detached, Paved or Surfaced
    Patio and Porch features
    Porch
    Exterior features
    Porch, Sidewalks, Street Lights
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Range, Refrigerator, Washer
    Size
    1,350 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Ceiling Fan(s), Wall/Window Unit(s)

    Building Details

    Year built
    1920
    Floors in Building
    1
    Number of units
    2
    Building materials
    Vinyl Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Amber Wilson

    Century 21 Signature Realty (989) 921-7000

    Listing agent Amber Wilson (989) 837-2100 License #6501416919

    Listing date Feb 6, 2026

    MLS# 50198955 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Midland Duplex in Walkable Location

    This duplex presents an opportunity for investors or owner-occupants in a walkable Midland location. Unit 1 is currently leased, providing immediate rental income. Unit 2 is vacant and move-in ready. The property offers flexibility and income potential. Unit 2 includes access to a large basement with a washer and dryer, offering added convenience and storage. The property also features a shared two-car garage and an additional shed for extra storage. The property size is 1350 square feet and the lot size is 0.17 acres. Enjoy walking access to downtown shops, restaurants, cafes, parks, trails, and local amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Michigan
    Longitude
    -84.231017
    Latitude
    43.612385

    Nearby Similar for Sale

    • $849,000
      10,361 SF

      Riverfront Multi-Family Home in Midland

      Spacious riverfront property with potential for various uses.
      3115 Isabella St, Midland, MI 48640
      View Details
    • $589,000
      9,678 SF

      Versatile Commercial Property with Warehouse

      High-visibility corner lot with warehouse and office space in Midland.
      3101 S Saginaw Rd, Midland, MI 48640
      View Details
    • $329,000
      1,000 SF

      Downtown Midland Commercial Property For Sale

      Prime commercial property in downtown Midland with high visibility.
      134 W Main St, Midland, MI 48640
      View Details
    • $200,000
      2,488 SF

      Profitable Business in Midland, MI

      Established business opportunity with a long history and loyal clientele.
      1605 Bookness St, Midland, MI 48640
      View Details
    • $1,200,000
      4,000 SF

      Established Restaurant Landmark in Midland

      Operating restaurant with bar, updated interior, ample parking.
      1716 W Wackerly St, Midland, MI 48640
      View Details
    • $699,900
      4,000 SF

      Downtown Midland Commercial Office Building

      Commercial office building in downtown Midland with multiple business options.
      224 E Larkin St, Midland, MI 48640
      View Details
    • $389,000
      3,268 SF

      Updated Four-Unit Brick Multifamily Property

      Turnkey investment property with updated units and strong rental income.
      1305 Springfield Dr, Midland, MI 48642
      View Details
    • $995,000
      6,000 SF

      Updated Commercial Building Near Hospital

      Versatile 6,000 sq ft commercial building near hospital with drive-up.
      2706 N Saginaw Rd, Midland, MI 48640
      View Details
    • $995,000
      6,000 SF

      Midland Commercial Property For Sale

      Commercial property near Dow High School and hospital with drive-up window.
      2706 N Saginaw Rd, Midland, MI 48640
      View Details
    • New
      $184,900
      1,350 SF

      Midland Duplex in Walkable Location

      Duplex in Midland with income potential and convenient location.
      1001 Fournie St, Midland, MI 48640
      View Details
    • $355,000
      6,600 SF

      Turn Key Restaurant and Bar

      Turn key restaurant and bar opportunity in Midland, Michigan.
      430 W Isabella St, Midland, MI 48640
      View Details
    • $999,750
      14,480 SF

      Professional Office Complex For Sale

      Professional office complex with long-term tenants and excellent condition.
      720 W Wackerly St, Midland, MI 48640
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex in Midland with income potential and convenient location.
    Where is this duplex located?
    The property is located at 1001 Fournie St Midland, MI.
    What is the asking price?
    The asking price for this property is $184,900.
    What are key features of this property?
    This property features: - Highly walkable location with easy access to downtown shops, restaurants, parks, and trails.; - Duplex offers flexibility for investors or owner-occupants with income potential.; - Unit 1 is currently leased, providing immediate rental income.
    (989) 837-2100
    Request Owner's contact information
    1001 Fournie St Midland, MI 48640
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1001 Fournie St
    Midland, MI 48640
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1001 Fournie St Midland, MI 48640
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Amber Wilson
    Real Estate License ID: 6501416919
    (989) 837-2100
    Learn more
    Google sign-in failed. Please try again or use another login method.