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    415 Jerome St Midland, MI 48640

    For Sale
    $550,000

    High-traffic location, mixed-use zoning.

    Property size:
    1,176 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 1,176 square foot industrial property presents a unique development opportunity in the thriving city of Midland, Michigan. Situated on a 0.6-acre lot, this strategically located site boasts significant frontage on Jerome (M-20), Indian (Bus 10), and Buttles streets, ensuring high visibility and accessibility. Average daily traffic counts range from 10,000 to 18,000 vehicles, depending on the specific intersection, providing unparalleled exposure for any future development. The property currently generates income via a small office space leased on a month-to-month basis, offering a potential revenue stream while development plans are finalized. This versatile property is zoned for mixed use, opening up a wide range of possibilities for redevelopment. Its prime location and high traffic volume make it an ideal investment for developers seeking a high-impact project in a dynamic market. The existing office building provides immediate income potential, allowing for a phased approach to development. This is a rare chance to acquire a highly visible and strategically located property in the heart of Midland, ready for its next chapter. The property's mixed-use zoning allows for a variety of development options, catering to a diverse range of potential uses. Don't miss this opportunity to capitalize on the potential of this exceptional location.

    Property Features for 415 Jerome St

    General Information

    Property type
    Industrial properties
    Square Feet
    1,176 SF
    Lot Size
    26,136 SF

    Building Details

    Year Built
    1937
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Salutation Employment Agency ITH Staffing Publisher

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Michigan
    Longitude
    -84.24512
    Latitude
    43.61744

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    FAQs

    What type of property is this?
    Industrial property - High-traffic location, mixed-use zoning.
    Where is this industrial property located?
    The property is located at 415 Jerome St Midland, MI.
    What is the asking price?
    The asking price for this property is $550,000.
    (989) 463-6085
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    415 Jerome St Midland, MI 48640
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    Midland, MI 48640
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    Realmo Value Estimation

    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.

    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.

    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
    415 Jerome St Midland, MI 48640
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