Day Care Center with Play
For Sale
Contact for pricing
2904 E Ashman Street, Midland, MI 48642
Commercially zoned facility with kitchen, bathrooms, open space, and a fenced outdoor area.
Property Size2,250 SF
Lot Size0.88 Acres
Price / SF$133.33
Days on Market90
Property Features for 2904 E Ashman Street
General Information
Standard status
Active
Size
2,250 SF
Total Parking Spaces
8
Lot size
0.88 Acres
Property subtype
Office, Special Purpose
Zoning
Commercial
Investment Type
Owner/User
Amenities
kitchen
bathrooms
fenced-in play area
outdoor space
Building Details
Year Built
1957
Buildings
1
Listing Agency:
Ayre Rhinehart Real Estate Partners
Listed By:
Matt Rapanos · License #MI
Source:
Crexi
Added: Jul 21
Changed: Oct 4
Last Checked: Oct 16 at 6:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ayre Rhinehart Real Estate Partners
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Investment Insights
Based on property information with market context.
Located at 2904 E Ashman Street in Midland, this 2,250-square-foot day care property offers a practical mix of interior and exterior space. The building includes a kitchen, bathrooms, and open areas, with a fenced play area and additional outdoor space behind the structure. Built in 1957, the property is zoned Commercial.
The 165 x 231 lot includes a large parking area and room for an additional building. The site is currently identified as Stepping Stones and is also described as suitable for office use and other uses.
The 165 x 231 lot includes a large parking area and room for an additional building. The site is currently identified as Stepping Stones and is also described as suitable for office use and other uses.
Key Highlights
- 2,250 sq ft building with kitchen, bathrooms, and open space
- 165 x 231 lot with room for an additional building
- Fenced‑in play area and rear outdoor space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,141
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,820
$422.8K
Cap Rate 7%
$302,014
$302.0K
Cap Rate 9%
$234,900
$234.9K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$32.4K $14.40/SF
− Vacancy
−$4.2K −$1.87/SF
EGI
$28.2K $12.53/SF
− OpEx
−$7.0K −$3.13/SF
NOI
$21.1K $9.40/SF
Area
Midland County, MI
Vacancy
13.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,820
Cap Rate 7%
$302,014
Cap Rate 9%
$234,900
Alternative Uses
Best Use
Office B
$302.0K
$264.3K – $352.4K
NOI $21,141 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$406.1K
$355.3K – $473.8K
NOI $28,427 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48642, MI
33,457
Population
14,663
Households
2.3
Avg Household Size
40
Median Age
42%
College-Educated
96%
High-School Grad
104.7 sq mi
ZIP Area
320
Density / Sq Mi
$77,690
Median Household Income
$48,407
Median Earnings
$1,100
Median Rent
$194,100
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Memorial Presbyterian Preschool (MPP) — 1310 Ashman St, Midland, MI 48640
- A Joyful Noise LLC — 2515 Ashman St, Midland, MI 48640
- Golden Rule Preschool & Child — 2515 Ashman St # B, Midland, MI 48640
- Sugnet Preschool — 3917 jefferson ave, midland, mi 48640
Frequently Asked Questions
What type of property is this?
Day care center - Commercially zoned facility with kitchen, bathrooms, open space, and a fenced outdoor area.
Where is this day care center located?
The property is located at 2904 E Ashman Street Midland, MI.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2,250 sq ft building with kitchen, bathrooms, and open space; 165 x 231 lot with room for an additional building; Fenced‑in play area and rear outdoor space
