108 N Mill St, Clio, MI 48420
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CR-MU · Clio, MIClio. Always verify with local authorities before improvements.
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.