204 Buttles St Midland, MI 48640-4912
This 1,680 sq ft, Class B shopping center/storefront in downtown Midland, MI, presents a compelling investment opportunity. Built in 2004, the property features two units, one currently operating as a barbershop and the other vacant, offering flexibility for owner-occupancy or leasing. Situated on a 0.331-acre lot with 17 parking spaces—a rare find in the downtown area—the property boasts high visibility on the corner of Buttles Street. Its prime location offers excellent potential for reuse or redevelopment, aligning with the revitalization of the surrounding area. Nearby developments include the Trinseo Building, 1st State Bank Building, the Stiffel building, and new condos. The property's zoning is COMMERCIAL, and the asking price is $495,000, translating to $294.64 per square foot. The property's versatility makes it suitable for various uses, from owner-occupancy with potential rental income to complete redevelopment. Consider the value of the land itself, given the ongoing development in the vicinity. This is a unique chance to acquire a well-located property with significant upside potential in a thriving downtown setting.
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Ashman Barbers Barber Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
OS · Midland, MIMidland. 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.