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    FOR SALE
    Office buildings

    2355 S Commerce Rd, Wolverine Lake, MI 48390

    1,161 SF 0.59 ac lot Built 1955
    Entity Owned 5-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1581172
    Property summary
    AI-generated overview

    1149 Stratford Avenue presents a fantastic retail opportunity in a vibrant East Side location. This 800-square-foot space is situated within a larger, three-story mixed-use building totaling 18,750 square feet. Built in 1922 and renovated in 2000, the building offers a blend of historic charm and modern updates. The property benefits from a highly desirable MX 1 Mixed Use Corridor zoning designation, allowing for a variety of commercial uses. The space is immediately available and features a minimum divisible space of 800 square feet, making it ideal for a variety of businesses. Its convenient location offers excellent accessibility, with easy access to Interstate 95 and proximity to public transportation via a nearby bus route. The building's multi-tenant structure provides a dynamic and thriving commercial environment. This Stratford Avenue storefront offers a unique chance to establish a presence in a bustling East Side submarket, specifically within the Stratford Avenue cluster. The building's substantial size and mixed-use nature contribute to a high level of foot traffic and visibility, creating an ideal setting for a successful retail venture. Don't miss this chance to secure a prime retail space in a sought-after location.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1955
    Total area 1,161 SF
    Lot 0.59 ac (25,700 SF)
    Zoning code BI
    APN EW-17-23-352-012
    UPID US43-1581172
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    F & L Commerce LLC · 5 yrs held
    F & L Commerce LLC
    since 2020
    Last sale
    $300,000
    2 recorded transactions
    2020
    $300,000
    2007
    Zoning & alternative use
    BI · Wolverine Lake, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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