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    218 Cedar St Kalkaska, MI 49646

    Sponsored
    For Sale
    $350,000

    Prime Kalkaska Office, High ROI Potential

    Property size:
    2,922 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional investment opportunity presents a 2,922 square foot office building ideally situated in downtown Kalkaska, Michigan. The property boasts a prime location on a 0.34-acre lot, offering excellent visibility and accessibility. The main floor comprises a welcoming reception area, four private offices, a spacious bullpen workspace, a dedicated conference room perfect for meetings and presentations, a convenient kitchenette, a secure mailroom, and two restrooms. Upstairs, the second floor provides three additional private offices and a full bathroom, offering flexibility for expansion or separate tenancy. Adding to the property's versatility is a detached garage structure, providing ample storage space. Currently leased, this building offers a strong return on investment, projecting a 9.94% capitalization rate in the first year based on the existing lease agreement. The building's central location within Kalkaska's downtown area ensures high foot traffic and easy access to local amenities. This presents a rare chance to acquire a well-maintained, income-producing commercial property in a thriving Michigan community. The combination of its functional layout, desirable location, and strong projected return makes this an attractive proposition for discerning investors seeking a stable and profitable addition to their portfolio. The property's size and layout offer significant potential for future growth and adaptation to changing market demands.

    Property Features for 218 Cedar St

    General Information

    Property type
    Investment properties
    Square Feet
    2,922 SF
    Lot Size
    14,810 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Coldwell Banker Commercial ... Real Estate Agency Jeff Fitch Real Estate Agency Windshield Repair Today ... Auto Repair Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Kalkaska
    County
    Kalkaska
    State
    Michigan
    Longitude
    -85.1767
    Latitude
    44.73336

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    FAQs

    What type of property is this?
    Investment property - Prime Kalkaska Office, High ROI Potential
    Where is this investment property located?
    The property is located at 218 Cedar St Kalkaska, MI.
    What is the asking price?
    The asking price for this property is $350,000.
    (231) 922-2350
    Request Owner's contact information
    218 Cedar St Kalkaska, MI 49646
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    Kalkaska, MI 49646
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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
    218 Cedar St Kalkaska, MI 49646
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