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    OFF-MARKET
    Commercial real estate

    Newaygo Rd, Casnovia, MI 49318

    8,184 SF 3.67 ac lot Built 1993
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1993
    Total area 8,184 SF
    Lot 3.67 ac (159,865 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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