Morenci, MI 49256
This exceptional 854-square-foot industrial property, located at 205 North in Morenci, Michigan, presents a unique investment opportunity. Situated just one block north of the downtown area, this charming brick building offers a blend of historical character and modern adaptability. The 0.07-acre lot provides ample space for potential expansion or outdoor use, depending on the intended purpose. The building's versatile interior layout allows for a wide range of commercial uses. Imagine transforming this space into a thriving medical practice, a vibrant retail establishment such as a flower shop or hair salon, a cozy cafГ© or deli, or a sophisticated professional office. The possibilities are truly endless. The building's solid brick construction ensures durability and longevity, making it an ideal investment for both established businesses seeking a new location and entrepreneurs looking to launch their ventures. Its prime location offers excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers and clients. Priced competitively at $90,000, this property represents an exceptional value in the Morenci market. Don't miss this chance to acquire a piece of Morenci's history and shape its future. Contact us today to schedule a viewing and explore the potential of this remarkable property.
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
Similar Nearby for Lease
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.