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    924 Michigan Ave Paw Paw, MI 49079

    Sponsored
    For Lease
    $10 SF/Yr ($6,770 /Mo)

    Prime Retail Space, High Visibility Location

    Lot size:
    8,125 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 8,125-square-foot retail space presents a unique investment opportunity in Paw Paw, Van Buren County, Michigan. Previously occupied by a Dollar General, the property boasts a spacious, open showroom, a sizable back store room, and two restrooms. The building's layout is highly adaptable, making it suitable for a variety of commercial uses. Its location within a thriving commercial corridor ensures high visibility and accessibility. Situated conveniently along a major commuter route connecting Mattawan and Kalamazoo, the property benefits from significant traffic flow. Proximity to Paw Paw High School (just 1.5 miles away) further enhances its appeal. The property is zoned B-2 within the Paw Paw Village limits, allowing for a diverse range of permitted uses, including retail, wholesale, office, winery, and home improvement businesses. Furthermore, the possibility of obtaining a special use permit expands the potential uses even further, offering considerable flexibility for future development. The entire 8,125 square feet is currently vacant, providing immediate occupancy for a new tenant. This property represents a compelling opportunity for businesses seeking a well-located, adaptable space in a growing community.

    Property Features for 924 Michigan Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,125 SF
    Total Rate
    6770.83

    Unit(s) available at that property

    Space
    924 E Michigan Ave
    Size
    8,125 SF
    Rate per SF
    $10

    HighLights

    • 8,125 SF retail building in Van Buren County.
    • Single‑tenant occupancy.
    • Fully vacant, 8,125 SF available.
    • Located on a commuter route to Mattawan and Kalamazoo, near Paw Paw High School.
    • B‑2 zoning allows for diverse uses, including retail, office, and more; special use permits expand options further.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Paw Paw
    County
    Van Buren
    State
    Michigan
    Longitude
    -85.87723185
    Latitude
    42.21908547

    Nearby Comparable

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    Nearby Similar for Lease

    • $7 SF/Yr
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      Remodeled Office Space in Paw Paw

      Affordable, remodeled office space with flexible layout and parking.
      228 E Michigan Ave, Paw Paw, MI 49079
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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, High Visibility Location
    Where is this retail property located?
    The property is located at 924 Michigan Ave Paw Paw, MI.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 8,125 SF retail building in Van Buren County.; Single-tenant occupancy.; Fully vacant, 8,125 SF available.
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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
    924 Michigan Ave Paw Paw, MI 49079
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