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    1206 Russell Rd Tecumseh, MI 49286

    For Sale
    $250,000

    Vacant, 1982 sq ft, C-1 Zoning

    Property size:
    1,982 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a vacant, two-story brick building situated on a substantial 3.55-acre lot in Tecumseh, Michigan. The property, identified by APN RA0-104-1050-00, boasts 1,982 square feet of net rentable space, priced at $126.14 per square foot, totaling an asking price of $250,000. The building is categorized as mixed-use, encompassing retail, multifamily, and office potential, and is currently zoned C-1 Commercial, offering a wide range of development possibilities. Its strategic location provides excellent visibility and accessibility. Neighboring businesses include a medical office to the west, and to the east, an electrical contractor, an ice cream stand/miniature golf course, and auto repair shops. Across the street lies the City of Tecumseh and residential properties. The property's size and zoning make it ideal for a variety of commercial ventures. This unique offering presents a rare chance to acquire a significant commercial property in a thriving community. The single unit building is currently vacant, allowing for immediate customization and tenant selection. This presents a blank canvas for a savvy investor to create a profitable enterprise. The property's ample lot size provides significant expansion potential or ample parking. This is a prime opportunity to capitalize on the growing commercial landscape of Tecumseh.

    Property Features for 1206 Russell Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,982 SF
    Lot Size
    154,638 SF

    Building Details

    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • Vacant, two‑story brick building on a 3.55‑acre lot in Tecumseh, MI.
    • 1,982 square feet of net rentable space, priced at $250,000 ($126.14/SF).
    • Mixed‑use zoning (C‑1 Commercial) allowing retail, multifamily, and office uses.
    • Excellent visibility and accessibility with nearby medical, retail, and auto repair businesses.
    • Ample lot size offers expansion or parking opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coworking space

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Tecumseh
    County
    Lenawee
    State
    Michigan
    Longitude
    -83.9626228
    Latitude
    41.9916443

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    FAQs

    What type of property is this?
    Multifamily property - Vacant, 1982 sq ft, C-1 Zoning
    Where is this multifamily property located?
    The property is located at 1206 Russell Rd Tecumseh, MI.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Vacant, two-story brick building on a 3.55-acre lot in Tecumseh, MI.; 1,982 square feet of net rentable space, priced at $250,000 ($126.14/SF).; Mixed-use zoning (C-1 Commercial) allowing retail, multifamily, and office uses.
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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
    1206 Russell Rd Tecumseh, MI 49286
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