Property profile

124 State St D Montrose, MI 48457

OFF-MARKET
Commercial real estate
Property ID
US43-0049033
2,405 SF 0.04 ac lot
Individually Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 2,415 square foot, two-unit building situated on a 0.04-acre lot in the heart of downtown Montrose, Michigan. The property features a fully equipped storefront, perfectly set up for immediate operation as a pizza restaurant. All necessary equipment is included, encompassing a large Hobart mixer, a Vulcan oven, ample refrigeration (coolers), sinks, countertops, and a cash register – everything needed to begin serving customers immediately. The second unit is a nicely updated two-bedroom apartment, providing additional income potential through rental. This apartment could serve as living quarters for the business owner or generate rental income, offering immediate financial returns. The building's prime downtown location ensures high visibility and accessibility, maximizing its potential for success. Priced at $74,900, this property represents a rare chance to acquire a turnkey business and residential space in a thriving community. The combination of a ready-to-operate pizza shop and a rentable apartment makes this an attractive proposition for both entrepreneurs and investors seeking a strong return on investment. Don't miss this chance to take control of your financial future. This property is priced to sell and ready for immediate occupancy and profitability.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 2,405 SF
Lot 0.04 ac (1,873 SF)
APN 60-17-581-002
UPID US43-0049033

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
  • Specialty Food Shop Candy Store

Location

124 State St, Unit D Montrose, MI 48457-7716
Montrose metro Census 12602 FLINT, MI METROPOLITAN STATISTICAL AREA
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
$55k

Owner & transaction history

since 2012
Last sale
$70,000
2 recorded transactions
2012
Price N/A
2006
$45,000

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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