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Property profile & analytics
FOR SALE
Commercial real estate

202 E Michigan Ave Clinton, MI 49236

0.18 ac lot
Individually Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US43-1770360
Property summary
AI-generated overview

This exceptional 1,700 square foot industrial property, located at 202 E MICHIGAN in Clinton, MI, presents a compelling investment opportunity. Situated on a 0.18-acre lot, this former car wash boasts a brand-new steel roof, providing significant long-term cost savings and peace of mind. The property is being offered at $149,999 and is available via land contract terms, making it particularly attractive to investors seeking flexible financing options. The seller, who purchased the business three years ago and subsequently closed it, has already completed several upgrades, including the installation of the new roof. All equipment is included in the sale, allowing for immediate operational readiness upon acquisition. Currently, the business is not operating and therefore has no current annual revenue. Potential buyers are encouraged to schedule inspections during the due diligence period to fully assess the property's condition and potential. Proof of funds is required to schedule a viewing or submit an offer. This property offers a unique chance to acquire a well-maintained industrial building with significant upside potential in a desirable location. The inclusion of all equipment and the attractive land contract terms make this an exceptional opportunity for investors seeking a solid return on their investment.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.18 ac (7,841 SF)
APN CL6-305-0162-00
UPID US43-1770360
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
Current use
Occupant on record · Public records
  • Klippel Kiteroot Co. (Bike/Boat/Book/etc) Store
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
Jaafer Rafef · 5 yrs held
Jaafer Rafef
since 2021
Last sale
$25,000
5 recorded transactions
2021
$25,000
2018
$16,000
2018
Price N/A
2017
Price N/A
2014
$32,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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