Property profile

Beech St Owendale, MI 48754

OFF-MARKET
Industrial properties
2 ac lot
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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

Location

Beech St Owendale, MI 48754
Owendale 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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