Property profile

1120 Commerce Park Dr 1150 Dewitt, MI 48820

OFF-MARKET
Strip malls
Property ID
US43-2452224
15,000 SF 44.67 ac lot Built 1999
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property at 1120 Commerce Park Drive, Unit 1120, DeWitt, MI, presents a significant investment opportunity. The property encompasses a substantial 15,000 square feet situated on a 1.98-acre lot, offering significant flexibility and growth potential. The main structure features a 9,000 square foot banquet center, complete with a catering kitchen, multiple restrooms, and ample storage space. This versatile space is currently configured to accommodate large-scale events. In addition, there are four separate 1,500 square foot office suites, all currently leased, providing a steady income stream. These suites could be easily subdivided to create up to three additional units, increasing rental income further. The property's strategic location just north of I-69 and one block east of Business 27 places it within a thriving commercial area. Nearby amenities include a hotel, gas stations, a Meijer supermarket, strip malls, and various restaurants, ensuring high visibility and accessibility. The area is experiencing ongoing development, suggesting further growth and increased property value in the future. The current listing includes 1.98 acres, but additional acreage is available for larger-scale projects, making this an ideal opportunity for expansion or future development. This property offers a unique blend of established income and significant upside potential.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1999
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 15,000 SF
Lot 44.67 ac (1,945,825 SF)
Zoning code A/BC
APN 050-015-200-016-00
UPID US43-2452224

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Wedding Service
  • Veterinary Clinic
  • Pet Grooming Service

Location

1120 Commerce Park Dr, Unit 1150 Dewitt, MI 48820-7967
Dewitt metro Census 10104 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$600k

Owner & transaction history

since 2026
2 recorded transactions
2026
Price N/A
2016
Price N/A

Zoning & alternative use

A/BC · Dewitt, MI

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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