Property profile

11891 Torch Lk Dr Alden, MI 49612

OFF-MARKET
Commercial real estate
Property ID
US43-2914837
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 11891 S East Torch Lake Drive in Alden, MI, presents a unique investment opportunity. Boasting 250 feet of road frontage, this 2.27-acre lot features a high-visibility digital sign, ensuring maximum exposure for your business. The property encompasses over 11,000 square feet across two buildings, currently operating as Glassman Marine Services. One building includes a 1,600 square foot heated and ventilated workshop, perfect for year-round operations. The property is zoned commercial and includes all necessary equipment and supplies for storage, shrink wrap, and winterization services, currently operating at full capacity. A John Deere 1025R tractor with front-end loader, box blade, and forks is also included. Natural gas is available at the road. The property's prime location and existing infrastructure offer diverse business possibilities, including but not limited to pontoon welding and repair, boat brokering, a hardware store, or pontoon rentals. This turnkey operation provides immediate revenue potential and a rare chance to own a piece of Torch Lake's commercial landscape. The property's size and existing infrastructure offer significant expansion opportunities for a wide range of businesses. Don't miss this exceptional opportunity. Priced at $950,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 05-08-033-049-00
UPID US43-2914837

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
  • (Bike/Boat/Book/etc) Store

Location

11891 Torch Lk Dr Alden, MI 49612-9793
Alden metro Census 960502
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
$130k

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
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