Property summary
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
VerifiedCap rate & NOI
Current use
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Wedding Service
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Veterinary Clinic
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Pet Grooming Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
A/BC · Dewitt, MIZoning
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Zoning designation
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The district profile from the municipal source: what is on file for A/BC in Dewitt, MI.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning