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    568 W Center Rd Essexville, MI 48732

    For Sale
    $170,000

    Four-unit mixed-use building with income and commercial potential.

    Lot size:
    0.53 Acres

    Property Features for 568 W Center Rd

    General Information

    Lot size
    0.53 Acres

    Building Details

    Year built
    1950

    Source: Beycome Brokerage Realty LLC Agent Steve Koleno

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

    Overview

    Mixed-Use Building on Center Road

    This mixed-use building features four units. Currently, three of the units, each with one bedroom and one bathroom, generate a net monthly income of $2350. The fourth unit is a vacant hair salon that requires minor rehabilitation. The property's location and features make it suitable for various other business ventures, including a tattoo parlor, medical office space, used car sales, or a laundromat. The property includes blacktop parking and existing signage.
    Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Hair Salon Nail Salon Kitchen & Bath Food Market Storage Facility Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Essexville
    County
    Bay
    State
    Michigan
    Longitude
    -83.804036
    Latitude
    43.594581

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    FAQs

    What type of property is this?
    Mixed-use property - Four-unit mixed-use building with income and commercial potential.
    Where is this mixed-use property located?
    The property is located at 568 W Center Rd Essexville, MI.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: - Four-unit mixed-use building offering diverse income potential.; - Three 1BR/1BA units currently generating $2350 monthly income.; - Vacant commercial space suitable for various businesses (hair salon, tattoo parlor, medical office, etc.).
    (804) 656-5007
    Request Owner's contact information
    568 W Center Rd Essexville, MI 48732
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    Essexville, MI 48732
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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
    568 W Center Rd Essexville, MI 48732
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