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Property profile & analytics
FOR SALE
Commercial real estate

9053 Helena Rd Alden, MI 49612

Individually Owned 8-yr Hold Free & Clear
Property ID
US43-3515648
Property summary
AI-generated overview

This exceptional 2,704 square foot industrial building, situated on a 0.12-acre lot in the heart of Alden, Michigan, presents a unique investment opportunity. Located just two blocks from Torch Lake, this property boasts an irreplaceable location within a thriving downtown area. Currently configured as a retail store, the building's adaptability allows for a variety of commercial uses. Recent upgrades include a fresh coat of paint, a new HVAC system, updated electrical wiring, and a comprehensive security camera system. A well point is also in place. The main level, encompassing 1,692 heated and cooled square feet, showcases gorgeous original hardwood floors, complemented by beadboard and shiplap walls and ceilings, preserving the building's authentic charm. Some display cabinets and a u-shaped counter will remain with the sale. An additional 1,012 square feet of unfinished space on the upper level offers significant expansion potential. The existing HVAC system is capable of easily extending heating to this area. This property offers a rare chance to acquire a piece of Alden's history while capitalizing on its prime location and versatile layout. The combination of historic character and modern updates makes this a truly exceptional offering. The asking price is $499,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 05-08-028-019-00
UPID US43-3515648
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Grace Of Alden Home Decor Store (Bike/Boat/Book/etc) Store
  • Alden Store Co (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Aaron R Draper · 8 yrs held
Aaron R Draper
since 2018
1 recorded transaction
2018
$180,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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