Property profile

11608 Fulton St E Lowell, MI 49331

FOR SALE
Specialty properties
Property ID
US43-1784990
7,966 SF 1.04 ac lot Built 1984
Individually Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 7,966 square foot office building, located at 11608 Fulton Street SE in Lowell, Michigan, presents a compelling investment opportunity. The single-story, Class B building sits on a generous 1.04-acre lot (APN: 41-20-04-401-011) and boasts a prime location along busy Fulton Street. Constructed in 1984, the structure features brick, stone, and wood exterior finishes, a frame/wood structural system, and a composition shingle roof. Interior features include concrete and wood flooring, electric forced-air heating, and central air conditioning. Ample parking is available. The property is zoned Commercial (COMM), offering considerable flexibility for a variety of uses, including but not limited to gas station, restaurant, retail, office, medical, or redevelopment projects. The asking price is $975,000, translating to $122.40 per square foot. The property is offered as a Net Net Net (NNN) lease with a 36-month term. Annual property taxes totaled $10,079 in 2021. The property is immediately available. This is a rare opportunity to acquire a substantial commercial property in a desirable location with significant potential.

Property profile

Verified
Property type Specialty properties
Use group VETERINARY, ANIMAL HOSPITAL
Year built 1984
Total area 7,966 SF
Lot 1.04 ac (45,302 SF)
Zoning code COMM
APN 41-20-04-401-011
UPID US43-1784990

Cap rate & NOI

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

Location

11608 Fulton St E Lowell, MI 49331
Lowell metro Census 12004 GRAND RAPIDS-WYOMING, 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
$430k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

COMM · Lowell, 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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More about this property
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