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    20862 11 Mile Rd Leroy, MI 49655

    For Sale
    $125,000

    1-Acre Lot, 2802 sq ft, $125,000

    Property size:
    2,802 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional commercial property, located at 20862 11 Mile Road Unit 20862 in Leroy, Michigan, presents a unique investment opportunity. Boasting a generous 2,802 square feet of space, this property sits on a full acre of land, offering ample room for expansion, outdoor storage, or additional development. The building's versatile "Other" classification allows for a wide range of potential uses, making it ideal for businesses seeking a flexible and adaptable space. The asking price of $125,000 represents a compelling value for a property of this size and location in Leroy. The property's address is easily accessible, providing excellent visibility and convenient access for customers and employees. Given the substantial square footage and the expansive lot size, this property is well-suited for a variety of commercial ventures. Its potential is further enhanced by its strategic location within Leroy, offering a blend of accessibility and a strong local market. Serious inquiries are encouraged to explore the possibilities this property offers. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. This is a rare opportunity to acquire a significant commercial property in Leroy at an attractive price point. Don't miss out on this chance to establish your business in a prime location.

    Property Features for 20862 11 Mile Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,802 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1886
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    LeRoy United Methodist ... Church

    Suggested Use

    Building Supply Spa & Massage Hair Salon Nail Salon Department Store Food Market Grocery Store Garden Center Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Leroy
    County
    Osceola
    State
    Michigan
    Longitude
    -85.50038
    Latitude
    43.97379

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    FAQs

    What type of property is this?
    Commercial real estate - 1-Acre Lot, 2802 sq ft, $125,000
    Where is this commercial real estate located?
    The property is located at 20862 11 Mile Rd Leroy, MI.
    What is the asking price?
    The asking price for this property is $125,000.
    (517) 853-1200
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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
    20862 11 Mile Rd Leroy, MI 49655
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