41861 M-40 Paw Paw, MI 49079
This exceptional 8,168-square-foot retail property, situated on a generous 4.39-acre lot in Paw Paw, Michigan, presents a unique investment opportunity. Built in 1977 and renovated in 1986, the single-story building features two units and ample parking for 60 vehicles. The property boasts a versatile AG-LD zoning, allowing for a range of uses beyond traditional retail. Currently configured as a 7,400 square foot facility, the property is ideal for various agricultural operations, including a mini-farm, church, kennels, or a foster care home. Special use permits could accommodate banquets, cider/wine/beer production and sales. The existing infrastructure includes a convenient picnic shelter and a fully installed restaurant hood, ready for immediate use. The property's expansive acreage offers potential for farming and tourism-related activities. Propane gas supplies the building. This property is offered at $399,000 with a NNN lease type. The property includes one building with a total of 60 parking spaces.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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