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Property profile & analytics
OFF-MARKET
Individual retail properties

204 Buttles St Midland, MI 48640-4912

1,680 SF 0.33 ac lot Built 2004
Individually Owned 10-yr Hold Free & Clear
Property ID
US43-2243955
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Individual retail properties
Use group BARBER, HAIR SALON
Year built 2004
Total area 1,680 SF
Lot 0.33 ac (14,375 SF)
Zoning code OS
APN 14-16-60-256
UPID US43-2243955
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
  • Ashman Barbers Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Kris B Hepinstall · 10 yrs held
Kris B Hepinstall
since 2016
Last sale
$460,000
1 recorded transaction
2016
Price N/A
Zoning & alternative use
OS · Midland, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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