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    314 Eastman Ave Midland, MI 48640

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    For Sale
    $914,000

    Four leased properties for sale in downtown Midland.

    Property size:
    6,710 SF
    Lot size:
    0.07 Acres

    Property Features for 314 Eastman Ave

    General Information

    Size
    6,710 SF
    Lot size
    0.07 Acres

    Source: Trademark Commercial Group Agent Gretchen Witherspoon,SIOR,CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Leased Multifamily/Commercial Investment Properties

    Four leased multifamily and commercial investment properties are available for sale as a package. The properties are located at 314 Eastman, 507 W. Buttles, 501 W. Buttles, and 421 W. Buttles. All properties are currently leased, providing immediate revenue while offering future redevelopment opportunities in Downtown Midland. The properties are located on M-20 (Buttles), a highly visible area near the Dow Diamond, East End, offices, retail spaces, and restaurants, including the Zinc Cafe and the H Hotel. The properties at 314 Eastman are zoned for Office Service and feature an office on the street level with an apartment on the upper level. The properties at 507 W. Buttles, 501 W. Buttles, and 421 W. Buttles are zoned for Office Service, and although zoned as residential duplexes, they are currently used as single-family residences. The total property size is 6710 square feet. The properties have been consistently leased for many years and are well-maintained. The cap rate is 6%.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Michigan
    Longitude
    -84.246912
    Latitude
    43.617084

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    FAQs

    What type of property is this?
    Duplex - Four leased properties for sale in downtown Midland.
    Where is this duplex located?
    The property is located at 314 Eastman Ave Midland, MI.
    What is the asking price?
    The asking price for this property is $914,000.
    What are key features of this property?
    This property features: - Package sale of 4 leased properties in a prime downtown Midland location.; - Current leases provide an immediate revenue stream with a 6% cap rate.; - Properties are zoned Office Service, offering flexibility for future redevelopment.
    (989) 295-0353
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    314 Eastman Ave Midland, MI 48640
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    Midland, MI 48640
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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
    314 Eastman Ave Midland, MI 48640
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