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    00063 M 40 Hwy Gobles, MI 49055

    For Sale
    $184,900

    Income property with apartment and commercial space on State Highway.

    Lot size:
    1.25 Acres

    Property Features for 00063 M 40 Hwy

    General Information

    Lot size
    1.25 Acres

    Building Details

    Year built
    1970

    Source: Kalvan Realty Agent Ron Henry

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

    Overview

    Income Property on State Highway

    This property offers an income-generating opportunity on a state highway. It features a two-bedroom, one-bathroom upper apartment. The lower floor presents possibilities for various commercial uses, having previously served as a banquet hall and a pet grooming business. The lower unit could potentially be divided into two or three additional apartments.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Gobles
    County
    Van Buren
    State
    Michigan
    Longitude
    -85.8538
    Latitude
    42.3656

    Nearby Similar for Sale

    • $259,000
      1,638 SF

      Versatile Property on State Highway

      Commercial/residential property with rental income potential on a busy highway.
      13434 M 40, Gobles, MI 49055
      View Details
    • $159,900

      Commercial Property with Paved Parking

      Commercial property with versatile building and large paved parking lot.
      109 N State St, Gobles, MI 49055
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Income property with apartment and commercial space on State Highway.
    Where is this mixed-use property located?
    The property is located at 00063 M 40 Hwy Gobles, MI.
    What is the asking price?
    The asking price for this property is $184,900.
    What are key features of this property?
    This property features: - Income-generating property with an existing 2-bedroom apartment.; - Versatile lower floor suitable for various commercial purposes.; - Lower level previously used as a banquet hall, offering potential for event space.
    (269) 580-9933
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    00063 M 40 Hwy Gobles, MI 49055
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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
    00063 M 40 Hwy Gobles, MI 49055
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