7310 Woodbridge Rd, Brohman, MI 49312
This exceptional investment opportunity presents a 6,156 square foot retail complex situated on a 3.43-acre lot in Brohman, Michigan (49312). The property, built in 1970, comprises five buildings with a total of five units and twelve parking spaces. Currently generating income from diverse sources including a successful pizza takeout (with online reviews), ice cream sales, a sporting goods store, apartment rentals, U-Haul services, propane sales, and a leased portion for a future post office. The property boasts permits for a wide range of uses, including storage, boat and mower repair, housing, restaurant operations, car sales, and rentals. Located in a high-traffic area benefiting from vacationers and outdoor enthusiasts frequenting the Huron Manistee National Forest, this property offers significant upside potential. The asking price is $1,500,000 ($243.66/sq ft). The main building features an 8-foot ceiling height and a 1 ½ inch well supplying water (to be replaced by the seller with an acceptable offer). The seller will also complete the metal roofing on the main building upon acceptance of an offer. The property includes three separate septic systems: one for the pizza kitchen and apartments, one for restrooms and fish water in the main building, and one for the northern buildings. Negotiable possession terms include the possibility of the current owners remaining for up to six months to ensure a smooth business transition. The property's strong online presence and multiple income streams make it an attractive investment prospect with considerable growth potential. APN: 06-13-376-013.
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
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