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    8012 Lewis Ave Temperance, MI 48182

    Sponsored
    For Sale
    $980,000

    7,492 SF, 100% Occupied, NNN Lease

    Property size:
    7,492 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, located at 8012 Lewis Ave in Temperance, Michigan, presents a compelling investment opportunity. The 7,492 square foot building sits on a 1.47-acre lot and boasts a strong 100% occupancy rate with a single tenant under a triple-net (NNN) lease. Built in 1959 and extensively renovated in 2007, the property is zoned Commercial C-1, offering flexibility and potential for future expansion. The current lease term is for 3 years, expiring in 2024, with the ground lease expiring January 10, 2024. The tenant, established at this location for 49 years, is currently undertaking substantial upgrades to the retail space. Ample parking is available with 19 spaces on-site. The property's strategic location offers excellent demographics, with nearly 93,740 people within a 5-mile radius and an average household income exceeding $66,487. An additional lot provides the potential for future expansion or the development of new commercial construction. Financial details and the lease agreement will be provided upon execution of a confidentiality agreement. The property's parcel numbers are 02-026-049-00 and 02-026-051-00. The asking price for this turnkey investment is $980,000.

    Property Features for 8012 Lewis Ave

    General Information

    Property type
    Retail properties
    Square Feet
    7,492 SF
    Lot Size
    64,033 SF

    Building Details

    Year Built/Renovated
    1959/2007
    Stories
    1

    HighLights

    • Napa has occupied this location for 49 years.
    • Tenant is commencing substantial retail space upgrades.
    • Excellent demographics: nearly 93,740 people within a 5‑mile radius, average household income exceeding $66,487.
    • Financial details and lease agreement available upon signing a confidentiality agreement.
    • Additional lot offers potential for future expansion or new commercial development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cardtronics ATM Atm NAPA Auto Parts Auto Parts Store

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Gym & Fitness Building Supply Accounting Firm Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Temperance
    County
    Monroe
    State
    Michigan
    Longitude
    -83.5674272
    Latitude
    41.7613987

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    FAQs

    What type of property is this?
    Retail property - 7,492 SF, 100% Occupied, NNN Lease
    Where is this retail property located?
    The property is located at 8012 Lewis Ave Temperance, MI.
    What is the asking price?
    The asking price for this property is $980,000.
    What are key features of this property?
    This property features: Napa has occupied this location for 49 years.; Tenant is commencing substantial retail space upgrades.; Excellent demographics: nearly 93,740 people within a 5-mile radius, average household income exceeding $66,487.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    8012 Lewis Ave Temperance, MI 48182
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