Property profile

108 Ml St Clio, MI 48420

OFF-MARKET
Commercial real estate
Property ID
US43-3507624
2,512 SF 0.09 ac lot
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,512 square foot brick industrial building is ideally situated in the heart of downtown Clio, Michigan, at the corner of Mill Street and Vienna Street. Boasting four separate entrances, this property presents a unique opportunity for a single large business or multiple smaller enterprises. The building's versatile layout includes two distinct sections, each with its own reception area and multiple offices. The north side features a reception area, library, four offices, and two and a half bathrooms. The south side offers a reception area, four offices, a half-bath, a kitchen, and an open area. A full basement provides ample storage space. The property includes two separate water meters and four individual utility bills, offering flexibility for various occupancy scenarios. Five brand-new, custom-fitted windows are ready for installation. Recent upgrades include a new roof and a new air conditioning system. The building sits on a 0.09-acre lot and features a paved parking area on the north side. Previously utilized as a law office for seven decades and a soda shop, this building's rich history and prime location offer immense potential for a variety of businesses. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a thriving downtown area.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 2,512 SF
Lot 0.09 ac (3,703 SF)
Zoning code CR-MU
APN 51-14-554-010
UPID US43-3507624

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

108 Ml St Clio, MI 48420-1202
Clio metro Census 10110 FLINT, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$435k

Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A

Zoning & alternative use

CR-MU · Clio, MI
Zoning description

It is intended to permit a mix of uses with single-unit, multiple-unit residential and neighborhood serving commercial facilities.

General category MIXED_USE

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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