Property profile

833 Michigan St Baldwin, MI 49304

OFF-MARKET
Industrial properties
600 SF 0.06 ac lot Built 1900
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Property summary

AI-generated overview

This exceptional 600-square-foot industrial property, situated on a 0.06-acre lot at 833 Michigan Avenue in Baldwin, Michigan, presents a unique investment opportunity. The building boasts a highly desirable location on Michigan Avenue, ensuring excellent visibility and convenient access for customers and employees. Ample parking is available at the rear of the property. The current owners have invested in significant cosmetic upgrades, including a fresh coat of paint throughout the majority of the building's interior. Furthermore, a licensed electrician has completed a comprehensive update to the electrical system, bringing it fully up to code and preparing it for future improvements. This modernization paves the way for seamless integration of modern amenities, such as a mini-split HVAC system, allowing for efficient climate control. The building's historical character adds to its unique appeal, offering a blend of old-world charm and modern functionality. This property is ideally suited for a variety of commercial uses and represents a compelling opportunity for a discerning business owner seeking a well-maintained, high-visibility space in the heart of Baldwin. The asking price for this turnkey property is $70,000.

Property profile

Verified
Property type Industrial properties
Year built 1900
Total area 600 SF
Lot 0.06 ac (2,614 SF)

Cap rate & NOI

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

Location

833 Michigan St Baldwin, MI 49304
Baldwin 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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