Property summary
This exceptional five-unit retail property in Brohman, Michigan, presents a lucrative investment opportunity. Spanning 6,156 square feet, the property boasts multiple income streams, including a thriving pizza restaurant (with strong online reviews and expansion potential), a sporting goods store, and apartment rentals. Additional income is generated from a U-Haul dealership, propane sales, and a post office lease ($650/month). Built in 1970, the complex includes five buildings and 12 parking spaces. The property features three electric services (including one 200-amp box split into two 100-amp boxes) and a propane tank for retail sales. The current owners may be willing to stay on for up to six months to ensure a smooth transition. The property is strategically located in Brohman, benefiting from high traffic due to its proximity to the Huron Manistee National Forests and various outdoor recreational activities. Existing permits allow for diverse uses, including storage, boat and mower repair, housing, restaurant operations, car sales, and rentals. The property's APN is 06-13-376-013. This is a rare chance to acquire a well-established, multi-faceted retail complex with significant upside potential. The asking price is $1,500,000 ($243.66/sq ft).
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
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