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    100 Commercial Ln Wakefield, MI 49968

    Sponsored
    For Sale
    $98,000

    Spacious industrial garage, lakefront potential.

    Property size:
    1,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 1,200 square foot industrial property in Wakefield, MI, presents a unique investment opportunity. Situated on a generous 1.12-acre lot, this property boasts a substantial garage featuring three-phase power, propane heat, and air conditioning. City water and sewer services are readily available. The property's commercial/residential zoning unlocks a wide range of possibilities for future development or expansion. Adding to its versatility is a connected 30x30 foot concrete slab, already partially constructed with two garage-sized entryways and a service door. The first row of bricks is in place, providing a solid foundation for an addition or simply offering ample parking space. Multiple storage sheds are also included on the property, enhancing its practicality and storage capacity. The property is bordered by woods, offering a degree of privacy and natural beauty. Its prime location near Sunday Lake adds significant recreational and aesthetic value. This property is ready for immediate use or further development, making it an attractive option for a variety of commercial or mixed-use ventures. The combination of size, utilities, zoning, and location makes this a truly exceptional offering.

    Property Features for 100 Commercial Ln

    General Information

    Property type
    Industrial properties
    Square Feet
    1,200 SF
    Lot Size
    48,787 SF

    Building Details

    Year Built
    2010
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Coworking Space

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

    Location Insight

    • Map
    • Local Demand
    City
    Wakefield
    County
    Gogebic
    State
    Michigan
    Longitude
    -89.9584
    Latitude
    46.47875

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    FAQs

    What type of property is this?
    Industrial property - Spacious industrial garage, lakefront potential.
    Where is this industrial property located?
    The property is located at 100 Commercial Ln Wakefield, MI.
    What is the asking price?
    The asking price for this property is $98,000.
    (906) 932-1200
    Request Owner's contact information
    100 Commercial Ln Wakefield, MI 49968
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    Wakefield, MI 49968
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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
    100 Commercial Ln Wakefield, MI 49968
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