6613 Frankfort Hwy Honor, MI 49617
This exceptional 5,700 square foot retail building, located at 6613 Frankfort Highway in Beulah, Michigan, presents a compelling investment opportunity. Built in 1940, the property sits on a half-acre lot and is zoned for commercial use. The building offers convenient access to city water and sewer, along with three-phase power, a significant advantage for many businesses. A loading dock is also included, enhancing operational efficiency. Priced at $175,000, this translates to a price per square foot of $30.70. The property is offered as a single-tenant gross lease, making it an attractive option for owner-occupiers or investors seeking a stable income stream. Its versatile design allows for a variety of commercial uses, making it suitable for a wide range of businesses. The property's location in Beulah, Benzie County, Michigan (zip code 49617), offers excellent visibility and accessibility. This is a rare opportunity to acquire a well-situated, established commercial property in a desirable Michigan location. The property's age and features offer potential for renovation and modernization to further enhance its value and appeal. Serious inquiries are encouraged.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.