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    130 Paw Paw St Lawrence, MI 49064

    Sponsored
    For Sale
    $165,000

    Retail Space + Apartment Income

    Property size:
    2,523 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This historically remodeled building at 130 N Paw Paw Street in downtown Lawrence, MI, presents a unique investment opportunity. The property encompasses 2,523 square feet on a 0.1-acre lot and is offered at $165,000. The main level features 1,450 square feet of retail space, ideal for a variety of businesses. Key features of the retail space include a walk-in cooler, central air conditioning, ample off-street parking, and large windows providing excellent natural light. The building's strategic downtown location ensures high visibility and accessibility. Adding to its appeal, the purchase includes a fully remodeled upper level, currently occupied by a tenant. This two-bedroom apartment provides a significant source of supplemental income, enhancing the overall return on investment. The combination of a well-appointed commercial space and a consistently rented residential unit makes this property an attractive proposition for investors seeking a blend of immediate income and long-term growth potential in a thriving downtown area. The building's historical charm, coupled with modern updates, creates a distinctive and desirable property. This is a rare chance to acquire a versatile commercial property with immediate income generation capabilities in the heart of Lawrence.

    Property Features for 130 Paw Paw St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,523 SF
    Lot Size
    4,356 SF

    Building Details

    Year Built
    1935
    Property Profile Location Intelligence

    Current Use by Public Records

    Alternative Home Care Home Health Care Service

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Auto Repair Shop Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Van Buren
    State
    Michigan
    Longitude
    -86.051
    Latitude
    42.21986

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    FAQs

    What type of property is this?
    Commercial real estate - Retail Space + Apartment Income
    Where is this commercial real estate located?
    The property is located at 130 Paw Paw St Lawrence, MI.
    What is the asking price?
    The asking price for this property is $165,000.
    (269) 216-7350
    Request Owner's contact information
    130 Paw Paw St Lawrence, MI 49064
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    Lawrence, MI 49064
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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
    130 Paw Paw St Lawrence, MI 49064
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