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    32 W Adams St Iron River, MI 49935

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    For Sale
    $2,699,500

    Modern retail property with long-term lease and annual rent escalations.

    Property size:
    2,400 SF
    Lot size:
    0.41 Acres

    Property Features for 32 W Adams St

    General Information

    Size
    2,400 SF
    Lot size
    0.41 Acres

    Source: Matthews Real Estate Investment Services | Walnut Creek Agent Vincent Tanzi

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

    Overview

    Turnkey Retail Property For Sale

    This retail property offers a ±14-year Absolute NNN sale-leaseback, providing long-term passive income. The lease includes rare 2% annual rent escalations throughout the initial term. A full site redevelopment was completed in 2024, offering a modern and turnkey asset. The property is strategically positioned adjacent to Krist Food Mart and directly across from Circle K, and in front of Saigh Family Dental. It is surrounded by established national retailers including Tractor Supply Co., McDonald’s, and Subway. The property size is 2,400 square feet and is located at 32 W Adams St, Iron River, MI.
    Insight Report Location Intelligence

    Current Use by Public Records

    KFC Chicken Restaurant

    Suggested Use

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

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

    Similar Places Nearby

    Riverside Plaza, Angeli's Central Market

    Location Insight

    • Map
    • Local Demand
    City
    Iron River
    County
    Iron
    State
    Michigan
    Longitude
    -88.638075
    Latitude
    46.09243

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    FAQs

    What type of property is this?
    Grocery and convenience store - Modern retail property with long-term lease and annual rent escalations.
    Where is this grocery and convenience store located?
    The property is located at 32 W Adams St Iron River, MI.
    What is the asking price?
    The asking price for this property is $2,699,500.
    What are key features of this property?
    This property features: - ±14-year Absolute NNN sale-leaseback offering, providing long-term passive income; - Rare 2% annual rent escalations throughout the initial lease term; - Full site redevelopment completed in 2024, offering a modern and turnkey asset
    (408) 832-7076
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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
    32 W Adams St Iron River, MI 49935
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