109 Greenville Dr Greenville, MI 48838
This exceptional 1.46-acre commercial land parcel presents a compelling investment opportunity in Greenville, Michigan. Strategically located within a qualified Opportunity Zone, this property enjoys high visibility and accessibility, situated just north of the busy W Carson City Rd, between prominent retailers Walmart and Meijer. The location offers unparalleled convenience, with close proximity to the Greenville West shopping mall, and numerous national brands including Hobby Lobby, Five Below, Starbucks, Taco Bell, Culver's, and Popeyes. Adding to the property's value is a recently renovated 1,596 square foot motel featuring four units. The property's commercial zoning allows for a wide range of development possibilities, capitalizing on the high traffic volume and established retail presence in the immediate vicinity. The parcel's size and location make it ideal for a variety of commercial ventures, offering significant potential for growth and return on investment. The property's APN is 052-694-508-40. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Michigan market. The asking price is $495,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.