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    FOR SALE
    Specialty properties

    11608 Fulton St E, Lowell, MI 49331

    7,966 SF 1.04 ac lot Built 1984
    Individually Owned Absentee Owner ~ Est. High Equity
    Property ID
    US43-1784990
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Bruce P Langlois
    Bruce P Langlois
    1 recorded transaction
    1969
    Zoning & alternative use
    COMM · Lowell, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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