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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

0 Park St Reed City, MI 49677

1,800 SF 1.92 ac lot Built 1950
Property ID
Property summary
AI-generated overview

This 1,800-square-foot vacant auto shop presents a remarkable investment opportunity in Reed City, Michigan. Located on a spacious 1.92-acre lot, this single-story, 1950-built building offers significant potential for a variety of automotive businesses. Recently renovated just three years ago, the property boasts a new roof, updated interior and exterior steel, and blow-in insulation for enhanced energy efficiency. Heating is provided by a new infrared radiant tube heater. The property also features a newly drilled 5-inch well with a new 1.25-inch water line, ensuring a reliable water supply. Furthermore, the electrical system has been completely modernized to meet current standards, including a new 480 3-phase power supply. The building's dimensions are 30 feet by 60 feet, providing a functional layout. Its convenient location near the 131 expressway ensures easy access for clients and deliveries. Available for occupancy on October 29, 2024, this property is ready for immediate use. The asking price is $170,000. This is an exceptional opportunity to acquire a well-maintained, updated commercial property in a desirable location.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1950
Total area 1,800 SF
Lot 1.92 ac (83,635 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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