23913 Red Arrow HwyMattawan, MI 49071

Property Details for 23913 Red Arrow Hwy

Lot size

0.62 AC

Property size (Sq ft)

921 SF

Zone code

GC

Property type

Office properties

Property subtype

Office buildings

APN

80-02-001-036-00

APU

800200103600

Description

This exceptional commercial property, located at 23913 Red Arrow Highway in Mattawan, Michigan, presents a truly unparalleled business opportunity. Boasting a prime corner location at the intersection of Main Street and Red Arrow Highway, this 921 square foot lot enjoys exposure to well over 15,000 vehicles daily. Its strategic placement within the commercial overlay district ensures maximum visibility and accessibility for any business. The property sits on a generous 1.78-acre lot, offering ample space for development or expansion. The high traffic count, coupled with convenient access to I-94, guarantees a substantial customer base and streamlined logistics. This is an ideal location for businesses that thrive on high traffic volume and easy accessibility. The property's location offers significant advantages for a wide range of commercial ventures, making it a rare and highly desirable investment opportunity in the thriving Mattawan area. The asking price is $489,000. Don't miss this chance to secure a prominent location with exceptional potential for growth and success. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $118,207

  6.5%

  $109,114

  7%

  $101,320

• Comparable approach

  Method

  Valuation

  Relative Method

  $119,960

  Geo Method

  $119,960

• Alternative Use

  Use

  Valuation

  Residential

  $135,301

  Hospitality

  $123,935

  Educational

  $103,113

  Medical

  $106,659

  Retail

  $160,398

Location Insight

City

Mattawan

County

Van Buren

State

Michigan

Latitude

42.2371

Longitude

-85.7845

CBSA code

28020

CBSA name

KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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