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    OFF-MARKET
    Industrial properties

    Beech St, Owendale, MI 48754

    2 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2-acre commercial property in Owendale, Michigan, presents a unique investment opportunity. Previously utilized for multifamily apartments, the site retains existing apartment footings and a paved parking lot, providing a solid foundation for various development projects. The expansive acreage offers ample space for a diverse range of uses, including self-storage facilities, boat and RV storage, or other commercial ventures requiring significant outdoor space. The property's existing infrastructure significantly reduces initial development costs. The seller will remove a shed located on the property prior to closing. This property is priced affordably at $20,000, making it an attractive proposition for investors seeking a high-return opportunity in a desirable location. The existing parking lot and apartment footings offer significant cost savings for future development. The land's size and location make it suitable for a variety of commercial uses, offering flexibility and potential for substantial returns. This is a rare opportunity to acquire a sizeable commercial parcel in Owendale at an exceptionally competitive price. Act quickly to secure this promising investment.

    Property profile
    Verified
    Property type Industrial properties
    Lot 2 ac (87,120 SF)
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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