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    815 Gibbs St Caro, MI 48723

    Sponsored
    For Sale
    $149,900

    Established Cleaners, 1600 sq ft, 0.67 acres

    Property size:
    1,600 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This Caro, MI industrial property offers a unique opportunity to acquire an established dry cleaning business and its building. The 1,600 square foot building sits on a 0.67-acre lot and includes a reception area, large pressing room, laundry room, half bath, and boiler room. All equipment and fixtures are included in the sale, with the current owner offering training and support for a smooth transition. The business, a community fixture for over 100 years, operates Monday-Friday, 8 am-5 pm, with significant potential for expansion. The property features a large, paved parking lot and ample space for additional development. The building itself is also available for sale separately, presenting a versatile investment opportunity for entrepreneurs and investors alike. The building's dimensions include a 22x20 reception room, a 22x29 pressing room, a 21x19 wash room, a 5x5 bathroom, and a 13x22 boiler room. The property is heated by a natural gas boiler. This is a rare chance to own a profitable, long-standing business with significant growth potential in a desirable location.

    Property Features for 815 Gibbs St

    General Information

    Property type
    Industrial properties
    Square Feet
    1,600 SF
    Lot Size
    29,185 SF

    Building Details

    Year Built
    1999
    Property Profile Location Intelligence

    Current Use by Public Records

    Eastham's Cleaners Dry Cleaner

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Caro
    County
    Tuscola
    State
    Michigan
    Longitude
    -83.40442
    Latitude
    43.48965

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    FAQs

    What type of property is this?
    Industrial property - Established Cleaners, 1600 sq ft, 0.67 acres
    Where is this industrial property located?
    The property is located at 815 Gibbs St Caro, MI.
    What is the asking price?
    The asking price for this property is $149,900.
    (989) 673-6106
    Request Owner's contact information
    815 Gibbs St Caro, MI 48723
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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
    815 Gibbs St Caro, MI 48723
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