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    N16088 Balsam Spalding, MI 49886

    Sponsored
    For Sale
    $179,000

    Versatile 5,800 sq ft commercial space

    Property size:
    5,820 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This exceptional 5,820 square foot commercial property in Spalding, MI, sits on a 2.6-acre lot and offers immense potential. Currently configured as a medical office, its flexible layout is adaptable to various uses, including retail, office space, or a fitness center. The expansive square footage provides ample room for operations, while the generous parking lot ensures convenient access for staff and clients. Located in a high-traffic area, the property boasts excellent visibility and accessibility. The existing dental office setup includes multiple treatment rooms, a reception area, and administrative spaces, easily reconfigurable to suit new needs. Well-maintained and ready for immediate occupancy, this property benefits from flexible zoning allowing for a wide range of commercial applications. Consult local zoning regulations for detailed possibilities. The substantial 2.6-acre lot offers opportunities for landscaping, outdoor signage, and future expansion. This represents a strong investment opportunity in a desirable location, ideal for investors, expanding businesses, or entrepreneurs launching new ventures. The property's prime location and versatile space make it a compelling option for a variety of commercial endeavors.

    Property Features for N16088 Balsam

    General Information

    Property type
    Industrial properties
    Square Feet
    5,820 SF
    Lot Size
    113,256 SF

    Building Details

    Year Built
    1975
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Map

    City
    Spalding
    County
    Menominee
    State
    Michigan
    Longitude
    -87.50008
    Latitude
    45.69451

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    FAQs

    What type of property is this?
    Industrial property - Versatile 5,800 sq ft commercial space
    Where is this industrial property located?
    The property is located at N16088 Balsam Spalding, MI.
    What is the asking price?
    The asking price for this property is $179,000.
    (906) 420-2404
    Request Owner's contact information
    N16088 Balsam Spalding, MI 49886
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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
    N16088 Balsam Spalding, MI 49886
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