Technical
Financial
Distress signals
Property profile

124 Ashman Cir Midland, MI 48640

FOR SALE
Strip malls
Property ID
US43-2312714
2,241 SF 0.19 ac lot Built 1959
Entity Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

Suite #1 is a retail-oriented space comprising approximately 1,600 square feet. The interior layout includes a reception area and an open workspace, with built-in facilities designed for a salon setup, including multiple salon chairs and washing stations. The suite is supported by a shared break room with a washer and dryer, and it includes a dedicated client restroom. The suite is located in a highly visible commercial area in Midland near the corner of Ashman Circle, with frontage/exposure on South Saginaw Road.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1959
Total area 2,241 SF
Lot 0.19 ac (8,276 SF)
Zoning code C
APN 14-09-40-454
UPID US43-2312714

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
  • Hair Salon
  • Alternative Medicine Practice Spa & Massage Center

Location

124 Ashman Cir Midland, MI 48640
Midland metro Census 290300 MIDLAND, MI MICROPOLITAN 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
$270k

Owner & transaction history

since 2014
1 recorded transaction
2014
Price N/A

Zoning & alternative use

C · Midland, MI
Zoning description

C Circle District LCMR Limited Commercial, Manufacturing and Research District IA Industrial A District IB Industrial B District Section 9.02 - STATEMENTS OF PURPOSE A. Agricultural District The Agricultural District is…

General category COMMERCIAL

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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