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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    202 Michigan Ave, Clinton, MI 49236-9782

    0.18 ac lot
    Individually Owned 5-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1770360
    Property summary
    AI-generated overview

    This exceptional 1,700 square foot industrial property, located at 202 E MICHIGAN in Clinton, MI, presents a compelling investment opportunity. Situated on a 0.18-acre lot, this former car wash boasts a brand-new steel roof, providing significant long-term cost savings and peace of mind. The property is being offered at $149,999 and is available via land contract terms, making it particularly attractive to investors seeking flexible financing options. The seller, who purchased the business three years ago and subsequently closed it, has already completed several upgrades, including the installation of the new roof. All equipment is included in the sale, allowing for immediate operational readiness upon acquisition. Currently, the business is not operating and therefore has no current annual revenue. Potential buyers are encouraged to schedule inspections during the due diligence period to fully assess the property's condition and potential. Proof of funds is required to schedule a viewing or submit an offer. This property offers a unique chance to acquire a well-maintained industrial building with significant upside potential in a desirable location. The inclusion of all equipment and the attractive land contract terms make this an exceptional opportunity for investors seeking a solid return on their investment.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.18 ac (7,841 SF)
    APN CL6-305-0162-00
    UPID US43-1770360
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Klippel Kiteroot Co. (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Jaafer Rafef · 5 yrs held
    Jaafer Rafef
    since 2021
    Last sale
    $25,000
    5 recorded transactions
    2021
    $25,000
    2018
    $16,000
    2018
    2017
    2014
    $32,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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