Property profile

2027 Benzie Hwy Benzonia, MI 49616

FOR SALE
Other commercial real estate
Property ID
US43-3622610
2.08 ac lot Built 1956
Entity Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

Commercial building located in Benzonia, Michigan on a 2.08-acre lot, zoned for commercial use. The building has a total area of 5,136 square feet with ceiling heights ranging from 9 to 12 feet depending on the area. Improvements include remodeling such as new windows; interior and exterior doors; interior and exterior lighting; concrete floors; insulated walls and attic; new bathrooms; and HVAC and heating upgrades including a forced-air furnace and a refurbished boiler as an additional heating option. Additional exterior work includes vinyl siding with soffit and fascia and new drywall. The interior includes remodeled office space and bathrooms, washer and dryer hookups, 3-phase electric service, air conditioning, and an air compressor, with a configuration that can support uses such as storage or other flexible business operations.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1956
Lot 2.08 ac (90,561 SF)
APN 02-102-011-00
UPID US43-3622610

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
  • Production Facility Metal Fabrication Plant

Location

2027 Benzie Hwy Benzonia, MI 49616
Benzonia metro Census 500 TRAVERSE CITY, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

since 2012
1 recorded transaction
2012
Price N/A

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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