Property profile

1645 Commerce Park Dr Chelsea, MI 48118

OFF-MARKET
Commercial real estate
Property ID
US43-2611314
1.5 ac lot
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This freestanding commercial building, located at 1645 Commerce Park Dr in Chelsea, Michigan (48118), offers 8,362 square feet of versatile space on a 1.5-acre lot. Its convenient location just off I-94 ensures high visibility and easy accessibility for both local customers and those traveling along the interstate. Ample parking is available on-site. The building's spacious and adaptable layout presents a unique opportunity for a variety of businesses. Potential uses include, but are not limited to, daycare centers, offices, medical practices, or retail establishments. The open floor plan allows for flexible customization to meet the specific needs of any tenant, making it a turnkey solution for prospective occupants. This property is situated in Washtenaw County and benefits from its excellent location and accessibility. The property's size and features make it an ideal choice for businesses seeking a prominent location with significant space and convenient access to a major highway.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.5 ac (65,340 SF)
Zoning code C3 HIG
APN 06-06-13-380-031
UPID US43-2611314

Cap rate & NOI

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

Location

1645 Commerce Park Dr Chelsea, MI 48118-1451
Chelsea metro Census 446200 ANN ARBOR, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$850k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$850k

Owner & transaction history

since 2024
Last sale
$850,000
3 recorded transactions
2024
$850,000
2023
Price N/A
2022
$80,000

Zoning & alternative use

C3 HIG · Chelsea, MI

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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