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427 E Main St Lowell, MI 49331

Commercial real estate Google Maps
1,188 SF 0.2 ac lot Built 1955
Entity Owned ~ Est. High Equity
427 E Main St, Lowell, MI 49331 For Lease
$2,200/Mo 1,188 SF available
427 E Main St, Lowell, MI 49331
View Listing →
Estimated value (blended)
$80k
Range $72k – $88k (±10%)
Property ID US43-0946333

Property summary

AI-generated overview

This 1,188 square foot industrial building is situated on a 0.2-acre corner lot in the thriving downtown Lowell, Michigan. Boasting excellent visibility from Main Street, this property presents a unique investment opportunity. Currently leased to a tenant willing to remain, providing immediate and consistent cash flow. The building is well-maintained and offers ample parking for customers and employees. A key feature is the presence of two overhead drive-in doors, currently covered but easily reopened to suit a variety of operational needs. This versatility makes the property ideal for a range of uses, including retail or office space. The building's location in a rapidly growing area of West Michigan ensures strong potential for future appreciation. The asking price of $225,000 represents a compelling entry point into the Lowell commercial real estate market. This property offers a blend of immediate income generation and long-term growth potential, making it an attractive investment for discerning buyers. Serious inquiries are encouraged to explore this exceptional opportunity further.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1955
Total area 1,188 SF
Lot 0.2 ac (8,625 SF)
Zoning code C2
APN 41-20-02-427-008
UPID US43-0946333

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
  • Hair Salon
  • Environmental Engineer Environmental Consultant
  • Business Management Consultant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$80k

Owner & transaction history

since 2026
5 recorded transactions
2026
$210,000
2020
Price N/A
2019
$108,000
2018
Price N/A
1969
Price N/A

Zoning & alternative use

C2 · Lowell, MI
General category COMMERCIAL

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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