8227 Old State Hwy, Williamsburg, MI 49690
This exceptional 2,560-square-foot industrial property, situated on a 0.32-acre lot in Williamsburg, Michigan, presents a unique investment opportunity. Built in 1945 and boasting a Village zoning designation (allowing for both residential and commercial uses), this two-story building offers remarkable flexibility. The main level features a large workspace accessible via an oversized garage door, perfect for storage, a workshop, or adaptable to various commercial ventures. A 14'+ ceiling height adds to the spacious feel. Recent renovations include updated office and sleeping quarters, enhancing its potential for mixed-use applications. Practical features include a floor drain and mop sink, with the septic system replaced in 2024. Upstairs, a loft provides ample storage. The property's convenient location offers easy access to Traverse City's amenities, including the Traverse City Horse Shows and Turtle Creek Casino (less than a 5-minute drive), and downtown Traverse City (approximately 20 minutes away). The asking price is $250,000, translating to $97.66 per square foot. This property is ideal for entrepreneurs seeking a versatile space or investors looking for a strong return. The building's adaptable nature and prime location make it a compelling investment prospect.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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