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    4131 16 Okemos, MI 48864

    For Sale
    $245,000

    High-yield, three-unit property in Okemos.

    Property size:
    2,623 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional investment opportunity presents a unique multi-unit property located at 4131 Okemos Road, Unit 11, in Okemos, Michigan. The property, totaling 2,623 square feet, comprises three individual units, each with its own separate parcel number, that have been thoughtfully combined into one expansive space. This conversion offers significant potential for rental income or owner-occupancy with rental income. The property features three separate furnaces and central air conditioning units, ensuring individual climate control for each section. The front air conditioning unit was recently replaced in 2019, demonstrating proactive maintenance. Prospective buyers should be aware of an annual drain assessment of approximately $835, collected as part of the winter taxes, which extends until 2035. This assessment is assumed by the buyer. The property sits on a lot with zero acres. This property is listed at $245,000 and presents a compelling opportunity for investors seeking a high-yield, multi-unit property in a desirable Okemos location. The unique configuration and existing infrastructure make this a truly remarkable investment prospect. Serious inquiries are encouraged.

    Property Features for 4131 16

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,623 SF

    Building Details

    Year Built
    1984
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Okemos
    County
    Ingham
    State
    Michigan
    Longitude
    -84.43346
    Latitude
    42.70069

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    FAQs

    What type of property is this?
    Commercial real estate - High-yield, three-unit property in Okemos.
    Where is this commercial real estate located?
    The property is located at 4131 16 Okemos, MI.
    What is the asking price?
    The asking price for this property is $245,000.
    (517) 349-4406
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    4131 16 Okemos, MI 48864
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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
    4131 16 Okemos, MI 48864
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