Property profile

23051 Main St Armada, MI 48005

OFF-MARKET
Industrial properties
6,714 SF 0.08 ac lot Built 1920
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Property summary

AI-generated overview

The property is a commercial building located in downtown Armada, Michigan, with a total building area of 6,714 square feet situated on a 0.08-acre lot. The structure includes approximately 4,000 square feet of upper-level space that is suitable for conversion to multifamily residential units, and it also has a large basement that provides storage capacity. The building layout is configured to support multiple business uses.

Property profile

Verified
Property type Industrial properties
Year built 1920
Total area 6,714 SF
Lot 0.08 ac (3,485 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
  • Cafe & Coffee Shop

Location

23051 Main St Armada, MI 48005
Armada metro
Google Maps

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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