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    Specialty properties

    23985 Red Arrow Hwy, Paw Paw, MI 49079

    2,316 SF 4.3 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property in Paw Paw, Michigan, presents a unique investment opportunity. Situated on a 4.3-acre lot at a high-traffic corner with nearly 700 feet of road frontage, this property boasts excellent visibility and convenient access to I-94. The site is zoned GC and includes a 2,316 square foot building suitable for a variety of uses, along with ample parking for 30 vehicles. Additional structures on the property include a 921 square foot office building, a 1,395 square foot house with a full basement, a 1,536 square foot barn, and two storage sheds. The property's versatility makes it ideal for a wide range of businesses, including medical offices, salons, daycare centers, fitness facilities, restaurants, gas stations, veterinary clinics, garden centers, and law offices. The property's location, size, and existing structures offer significant potential for immediate use and future development. The APN is 80-02-002-049-25. Asking price is $899,900.

    Property profile
    Verified
    Property type Specialty properties
    Total area 2,316 SF
    Lot 4.3 ac (187,308 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
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    CAP Approach CAP
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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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