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    218 S Cedar Street Kalkaska, MI 49646

    Sponsored
    Source: https://www.cbcworldwide.com
    For Sale
    $350,000

    2,922 SF Office Building on 0.34 AC For Sale

    Property size:
    2,922 SF

    Description

    Added:
    Apr 10, 2025
    Days on Market:
    276
    North on US-131 from downtown Kalkaska, property will be on your left.

    Great investment opportunity in Kalkaska! This 2,922 SF office building sits on 0.34 acres and is centrally located in downtown Kalkaska. The main floor features a reception area, 4 offices, a bullpen area, a conference room, a kitchenette, a mailroom, and 2 restrooms. The second floor features 3 offices and a full restroom. There is also a separate garage structure that is great for storage. Priced at a 9.94% CAP in year 1 based on current lease with tenant.

    Property Features for 218 S Cedar Street

    General Information

    Property type
    Residential offices
    Square Feet
    2,922 SF
    Price / Square Foot
    $119
    Elevators
    N/A
    Lot Size
    14,810 SF

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    2
    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
    State
    Michigan
    Longitude
    -85.176839
    Latitude
    44.73333

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    FAQs

    What type of property is this?
    Residential office - 2,922 SF Office Building on 0.34 AC For Sale
    Where is this residential office located?
    The property is located at 218 S Cedar Street Kalkaska, MI.
    What is the asking price?
    The asking price for this property is $350,000.
    (231) 929-2300
    Request Owner's contact information
    218 S Cedar Street 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 S Cedar Street Kalkaska, MI 49646
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