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Property profile

124 Mesick Ave Mesick, MI 49668

OFF-MARKET
Industrial properties
Property ID
US43-3814588
1,920 SF 0.13 ac lot Built 1958
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Property summary

AI-generated overview

This exceptional commercial property, located at 124 E Mesick in Mesick, Michigan, presents a unique investment opportunity. Situated in the heart of downtown Mesick on the high-traffic M-37/115 highway, this property boasts excellent visibility and accessibility. The building itself is a 32 x 60 pole building encompassing 1,920 square feet, featuring durable cement floors and robust 200-amp electrical service. Plumbing is already in place for a bathroom, and the property remains connected to the municipal sewer system. This ensures a smooth and efficient setup for any business. The property sits on a 0.13-acre lot. According to MDOT traffic data, approximately 7,350 vehicles pass by daily, providing significant exposure for your business. The property's versatility extends to the possibility of build-to-suit options, allowing for customization to meet specific business needs. The owner is also open to considering leasing the property. This prime location offers easy access to Traverse City, just a 30-minute drive away, making it an ideal location for businesses seeking a blend of rural charm and convenient access to a larger city. This is a rare opportunity to acquire a well-located, functional industrial space with significant potential. The asking price is $75,000.

Property profile

Verified
Property type Industrial properties
Year built 1958
Total area 1,920 SF
Lot 0.13 ac (5,663 SF)
UPID US43-3814588

Cap rate & NOI

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

Location

124 Mesick Ave Mesick, MI 49668
Mesick metro
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Value estimations

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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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