Newaygo Rd, Casnovia, MI 49318
This exceptional 8,184 square foot property located on M-37 in Casnovia, Michigan presents a unique investment opportunity. Situated on a 3.67-acre lot, the property boasts an established business currently operating with diverse revenue streams including used goods sales, vehicle sales (cars, trucks, trailers, boats, and motorhomes), and wrecker/car hauling services. The business is ready to continue operations, offering immediate income potential. The property's prime location on M-37, between Grant and Newaygo, just north of Apple Road, provides excellent visibility and accessibility. Its proximity to Hardy and Croton Dams, known for state hunting, fishing, and resort areas, further enhances its appeal. The property includes a substantial home and garage situated behind the commercial portion, offering ample space for family living and potential for additional rental income. The quiet, natural setting provides a peaceful environment. The asking price of $824,900 includes all existing inventory and the operational business, presenting a turnkey opportunity for immediate profit and future expansion. The property is in excellent condition and offers significant potential for growth and diversification. Short notice showings are available seven days a week.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.