130 Paw Paw St Lawrence, MI 49064-9334
This historically remodeled 2,523 square foot industrial building in downtown Lawrence, Michigan, presents a unique investment opportunity. The main level offers 1,450 square feet of retail space, ideal for a variety of businesses. Key features include a walk-in cooler, central air conditioning, ample off-street parking, and large windows providing excellent natural light. The building's strategic downtown location ensures high visibility and accessibility. The purchase price includes a completely remodeled upper level, currently generating income as a two-bedroom apartment with an existing tenant. This provides a significant advantage, offering both commercial and residential income streams. The 0.1-acre lot provides sufficient space for the building and parking. This property is perfect for an owner-operator seeking a blend of commercial and residential income or an investor looking for a strong return on investment in a thriving downtown area. The combination of a well-maintained commercial space and a consistently rented apartment makes this a truly attractive proposition. The building's historical charm combined with modern updates creates a unique and desirable property. Don't miss this chance to acquire a versatile and income-producing asset in a desirable Michigan location. The property is priced competitively at $165,000.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
VILLAGE · Lawrence, MILawrence. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.