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Property profile

E807 Gerue St Stephenson, MI 49887

OFF-MARKET
Commercial real estate
6,450 SF 0.8 ac lot Built 1997
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Property summary

AI-generated overview

This exceptional commercial property, located at E807 Gerue STREET, Stephenson, MI, presents a fantastic investment opportunity. Boasting 6,450 square feet on a 0.8-acre lot, this building is ideally situated to serve Delta, Dickinson, and Menominee Counties. Originally designed as a medical office, its adaptable floor plan makes it suitable for a wide range of businesses. The upper level features seven offices, four bathrooms, two conference rooms, a kitchen area, a large entry/waiting area, a utility room, and three ground-level exits. The lower level offers six offices, three bathrooms, a training center, three storage rooms, two mechanical/IT rooms, a kitchen area, two ground-level entrances, and one upper-level entrance. Ample parking is available with off-street space for 20+ vehicles and multiple property entrances. The building is fully equipped for modern business needs, including high-speed fiber internet, phone lines, and a security system. Furthermore, the entire building is handicap accessible. Priced at $250,000, this property represents a significant value and a rare chance to acquire a versatile and well-maintained commercial space in a desirable location. The flexible layout and extensive amenities make this an excellent choice for businesses seeking a ready-to-occupy space with significant potential.

Property profile

Verified
Property type Commercial real estate
Year built 1997
Total area 6,450 SF
Lot 0.8 ac (34,848 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Park Production Facility

Location

E807 Gerue St Stephenson, MI 49887
Stephenson metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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