Property profile

00063 M 40 Gobles, MI 49055

OFF-MARKET
Industrial properties
6,700 SF 1.25 ac lot Built 1970
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Property summary

AI-generated overview

This 6,700 square foot industrial building presents a unique investment opportunity in Gobles, MI. Situated on a 1.25-acre lot with excellent visibility on busy M-40 Highway, this property offers significant potential for diverse commercial uses. Previously utilized as a banquet hall and a dog grooming business, the lower level boasts ample space adaptable to various commercial ventures. The layout allows for the potential subdivision into two or three additional apartments, increasing rental income streams. An existing two-bedroom, one-bathroom apartment on the upper floor provides immediate income generation. The building's versatile design and prime highway location make it an attractive prospect for entrepreneurs seeking a high-traffic location. The substantial square footage and existing infrastructure offer a solid foundation for a variety of business plans, from retail to light industrial operations. This property is ready for a new owner to capitalize on its existing features and unlock its full potential. The high visibility and convenient location on M-40 ensure strong exposure to a large customer base. This is a rare opportunity to acquire a multi-use property with immediate income potential and significant upside. Serious inquiries only.

Property profile

Verified
Property type Industrial properties
Year built 1970
Total area 6,700 SF
Lot 1.25 ac (54,450 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

00063 M 40 Gobles, MI 49055
Gobles metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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