Individually Owned 
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Property summary
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
VerifiedCap rate & NOI
Current use
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Barber Shop
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Community, CC, OS, NC, D, C Conditional Use and Site Plan Review Wireless internet facilities 3 feet or less in dimension. All districts Administrative Site Plan Review 4. Standards and Conditions a. No telecommunication…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
OS · Midland, MICommunity, CC, OS, NC, D, C Conditional Use and Site Plan Review Wireless internet facilities 3 feet or less in dimension. All districts Administrative Site Plan Review 4. Standards and Conditions a. No telecommunication…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Community, CC, OS, NC, D, C Conditional Use and Site Plan Review Wireless internet facilities 3 feet or less in dimension. All districts Administrative Site Plan Review 4. Standards and Conditions a. No telecommunication…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for OS in Midland, MI.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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