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695 1st St Harrison, MI 48625-7726

OFF-MARKET Commercial real estate Google Maps
0.29 ac lot
Individually Owned Free & Clear
Estimated value (blended)
$260k
Range $234k – $286k (±10%)
Property ID US43-3126109

Property summary

AI-generated overview

This 2,112 square foot commercial building in Harrison, MI, presents a unique investment opportunity. Ideally situated on BUS 127/N. First Street, it boasts excellent visibility and high traffic flow, making it perfect for a variety of businesses. Currently operating as a tanning/beauty salon with a long-term tenant in the rear (pet groomer), the property offers immediate income potential. The main building comprises 1,536 square feet, while the rear unit adds another 576 square feet. Storage needs are supported by a combination of slab, crawlspace, and basement areas. Recent significant mechanical updates and a new roof ensure a move-in ready condition. The seller is offering both the building and the existing business (inventory and equipment), providing a turnkey solution for entrepreneurs and investors alike. Its convenient location near Wilson State Park and the Clare County Fairgrounds adds to its appeal. The 0.35-acre lot provides ample space. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.29 ac (12,632 SF)
APN 070-570-010-00
UPID US43-3126109

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tanning Salon
  • Pet Grooming Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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