100 Commercial Ln, Wakefield, MI 49968-9701
This exceptional 1,200 square foot industrial property in Wakefield, MI, presents a unique investment opportunity. Situated on a generous 1.12-acre lot, this property boasts a substantial garage featuring three-phase power, propane heat, and air conditioning. City water and sewer services are readily available. The property's commercial/residential zoning unlocks a wide range of possibilities for future development or expansion. Adding to its versatility is a connected 30x30 foot concrete slab, already partially constructed with two garage-sized entryways and a service door. The first row of bricks is in place, providing a solid foundation for an addition or simply offering ample parking space. Multiple storage sheds are also included on the property, enhancing its practicality and storage capacity. The property is bordered by woods, offering a degree of privacy and natural beauty. Its prime location near Sunday Lake adds significant recreational and aesthetic value. This property is ready for immediate use or further development, making it an attractive option for a variety of commercial or mixed-use ventures. The combination of size, utilities, zoning, and location makes this a truly exceptional offering.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.