20312 M-28, Ewen, MI 49925
This meticulously maintained 3,960 square foot commercial building is situated conveniently on M-28, just half a mile west of Ewen, Michigan. Constructed in 2004, the property boasts a spacious 20' x 34' covered entrance and sits on a 0.69-acre lot. Currently, the building houses a thriving mix of established businesses including a hair, nail, and tanning salon, a chiropractic office, and an ophthalmologist's practice. The existing leases present a compelling investment opportunity for a buyer seeking immediate income generation. Alternatively, the property offers significant potential for a new business venture, providing ample space and high visibility on a busy highway. The building's excellent condition and prime location make it an attractive proposition for a variety of commercial uses. Tax information is available upon request, including the State Equalized Value ($86,480), Taxable Value ($81,567), and Total Taxes ($4,395). This turnkey opportunity is priced at $199,000. Further details and scheduling of viewings can be arranged.
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
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.