Property profile

113 Blaine St Scottville, MI 49454

OFF-MARKET
Commercial real estate
Property ID
US43-3980845
0.26 ac lot
Individually Owned Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional industrial property, located at 113 Blaine in the heart of Scottville, Michigan, presents a compelling investment opportunity. The property encompasses a substantial 7,571 square feet of space, situated on a 0.26-acre lot. The main building offers approximately 4,864 square feet of versatile space, complemented by an additional 2,520 square feet of storage area. The building includes a full bathroom and a kitchen, adding to its functionality and convenience. Recent improvements include a brand-new metal roof and a recently installed water heater, ensuring low maintenance costs for the foreseeable future. The property's history reflects its adaptability, having previously served as both a baby resale store and a lumber yard, showcasing its suitability for a wide range of commercial uses. Its central Scottville location provides excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in this thriving community. The asking price for this remarkable property is $150,000, representing a significant value proposition for discerning investors. This is a rare opportunity to acquire a well-maintained, versatile industrial space with significant potential for growth and profitability. Don't miss out on this chance to own a piece of Scottville's commercial landscape.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.26 ac (11,326 SF)
APN 052-213-006-00
UPID US43-3980845

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
  • Roofing Company General Contractor
  • Construction Company General Contractor

Location

113 Blaine St Scottville, MI 49454-1201
Scottville metro Census 950600 LUDINGTON, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 113 Blaine St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message