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    OFF-MARKET
    Specialty properties

    415 Jerome Rd, Midland, MI 48640

    1,176 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 26,136 square foot commercial land parcel presents a unique development opportunity in the thriving city of Midland, Michigan. Located at the highly visible corner of Jerome Road (M-20) and Indian Street (Bus 10), this property boasts significant frontage on three major roadways, ensuring maximum exposure to a substantial daily traffic volume ranging from 10,000 to 18,000 vehicles, depending on the specific intersection. The site currently features a small, 1,176 square foot office building leased on a month-to-month basis, providing a potential immediate income stream while development plans are finalized. Zoned for mixed-use development, this property offers unparalleled flexibility for a variety of commercial ventures. Its prime location and high traffic counts make it an ideal investment for developers seeking a high-impact project in a dynamic and growing market. The asking price is $550,000. Don't miss this chance to capitalize on this exceptional Midland location.

    Property profile
    Verified
    Property type Specialty properties
    Total area 1,176 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
    AI Approach AI
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    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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