Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1011 E Michigan Ave Paw Paw, MI 49079

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $299,000

    Commercial building on 1.21 acres with fenced storage area.

    Lot size:
    1.21 Acres

    Property Features for 1011 E Michigan Ave

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    1.21 Acres

    Building Details

    Year built
    1945

    We can help!

    Listing Contact
    Suzy Glomski
    Source: Elliman

    Listing Agency: Michigan Lifestyle Properties Listing Agent: Suzy Glomski

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

    Learn more

    Overview

    Commercial Building with Fenced Storage

    Located in Paw Paw on 1.21 acres, this commercial property features a fenced storage area and is situated on a high-traffic street just east of downtown. The main building offers 2123 square feet of finished space and is equipped with 3-phase electric and a new hot water heater. A new pole building, constructed in 2023, includes a tall garage door suitable for RV storage and a concrete floor, along with a large lean-to attached. The roof was converted to a sloped roof with new shingles in 2025, and insulation was added along with a new drop ceiling. This property presents multiple opportunities due to its main building, acreage, generously sized fenced area, storage, outbuilding, and location.
    Location Intelligence

    Current Use by Public Records

    Van Buren Hydroponics Factory

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Paw Paw
    County
    Van Buren
    State
    Michigan
    Longitude
    -85.877161
    Latitude
    42.219087

    Nearby Similar for Sale

    • $139,900
      1,560 SF

      Commercial Building in Paw Paw

      Well-maintained commercial building with two units in thriving business district.
      104 Municipal Ln, Paw Paw, MI 49079
      View Details
    • $399,900
      1,885 SF

      Downtown Paw Paw Office Building

      Professional office building in downtown Paw Paw, available with furniture.
      215 N Kalamazoo St, Paw Paw, MI 49079
      View Details
    • $299,000
      3,054 SF

      Paw Paw Commercial Building on Acreage

      Commercial building with fenced storage, outbuilding, and high-traffic location.
      1011 E Michigan Ave, Paw Paw, MI 49079
      View Details
    • $324,814
      Pending

      Corner Lot on Red Arrow

      Visible storefront with acreage and pole barn near Red Arrow.
      1022 E Michigan Ave, Paw Paw, MI 49079
      View Details
    • $450,000
      11.57 Acres

      Farmhouse with Guest House on Acreage

      Large farmhouse with guest house on over 11 acres.
      35553 M 43, Paw Paw, MI 49079
      View Details
    • $175,000
      1,163 SF

      Paw Paw Office Building

      Office building in prime location near courthouse and park.
      213 E Paw Paw St, Paw Paw, MI 49079
      View Details
    • $139,900

      Commercial Building in Paw Paw

      Well-maintained commercial building with two separate units for sale.
      104 Municipal Ln, Paw Paw, MI 49079
      View Details
    • $499,900
      49.36 Acres

      Paw Paw Vineyard on 50 Acres

      50-acre Paw Paw vineyard with leased land and utility buildings.
      44th & Crk 374, Paw Paw, MI 49079
      View Details
    • $350,000

      Paw Paw Storefront with Parking

      Commercial storefront in growing area with ample parking.
      301 W Michigan Ave, Paw Paw, MI 49079
      View Details
    • $299,000

      DerHammer Pkwy Industrial Land Parcel

      Paw Paw, MI: Prime Industrial Land
      Parcel 80-02-018-053-70 Derhammer Pkwy, Paw Paw, MI 49079
      View Details
    • $229,000

      Paw Paw Industrial Land Parcel

      Prime MI location, build-to-suit potential.
      65 Paw Paw Mi Usa, Paw Paw, MI 49079
      View Details
    • $199,000

      Derhammer Parkway Industrial Land Parcel

      Paw Paw, MI: Prime Industrial Land
      45 Pawa Paw Mi, Paw Paw, MI 49079
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial building on 1.21 acres with fenced storage area.
    Where is this commercial land located?
    The property is located at 1011 E Michigan Ave Paw Paw, MI.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - High-traffic location just East of downtown Paw Paw.; - New (2023) pole building with tall garage door and concrete flooring, plus attached lean-to.; - Large, fenced-in storage area on 1.21 acres.
    (269) 251-0085
    Request Owner's contact information
    1011 E Michigan Ave Paw Paw, MI 49079
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1011 E Michigan Ave
    Paw Paw, MI 49079
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1011 E Michigan Ave Paw Paw, MI 49079
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Suzy Glomski
    (269) 251-0085
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!