Property profile

20312 M-28 Ewen, MI 49925

OFF-MARKET
Investment properties
3,960 SF 0.69 ac lot Built 2004
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Investment properties
Year built 2004
Total area 3,960 SF
Lot 0.69 ac (30,056 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

20312 M-28 Ewen, MI 49925
Ewen metro
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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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