Listing Agency: Re/Max Of Midland

Listed By: Dan Reimer · License #MI 6501338344

Source: Crexi

Added: Apr 12 Changed: Jul 20 Last Checked: Aug 20 at 8:28PM

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Investment Insights

Based on property information with market context.

This multifamily building includes rental apartment units and a liquor license that is included in the sale. The property also comes with the cooler and freezer equipment, which will stay with the building. The public remarks indicate that the store is closed.

The transaction is being marketed as a short sale, which requires lender approval. As such, timelines and closing terms are subject to the lender’s review and acceptance.

For buyers interested in a residential income property with liquor licensing as part of the package, this offering provides both the rental component and the included equipment necessary to support the existing operations profile, subject to approval through the short sale process.

Key Highlights

• Building includes rental apartments
• Liquor license included in the sale
• Cooler and freezer equipment included in the sale

Property Analytics

Property Profile

Current Use

Multifamily properties

Suggested Use

Top Pick Hair Salon Nail Salon Spa & Massage Center Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

12

Businesses Nearby

Explore this area Business Placement

Demographics for 48652, MI

1,679

Population

749

Households

2.2

Avg Household Size

45

Median Age

11%

College-Educated

90%

High-School Grad

59.7 sq mi

ZIP Area

28

Density / Sq Mi

$69,808

Median Household Income

$40,559

Median Earnings

$160,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - Building includes rental apartments, a liquor license, and included cooler/freezer equipment; store is currently closed and lender approval is required.

Where is this multifamily property located?

The property is located at 4002 Estey Rhodes, MI.

What are key features of this property?

This property features: Building includes rental apartments; Liquor license included in the sale; Cooler and freezer equipment included in the sale