Property profile

216 Grand Riv Ave 8 Williamston, MI 48895

OFF-MARKET
Office buildings
Property ID
US43-0923673
1,789 SF 0.3 ac lot Built 1911
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 350-square-foot traditional office space presents a fantastic opportunity in the heart of Williamston, Michigan. Located at 216 E Grand River Ave, this single-tenant property boasts a convenient downtown location on the main thoroughfare. Built in 1920 and renovated in 2000, the building offers a single-story structure with a 7-foot ceiling height. The property sits on one acre of land and includes three parking spaces located behind the building, providing ample parking for tenants and clients. The space is currently vacant and ready for immediate occupancy. All utilities are included in the rental price, eliminating additional expenses. The building is electrically powered and zoned for commercial use. Its prime location offers excellent visibility and accessibility, making it ideal for a variety of businesses. This is a rare opportunity to secure a well-maintained, move-in ready office space in a thriving downtown area. The Ingham County location provides easy access to local amenities and a strong community presence. The property's address is 216 E Grand River Ave, Williamston, MI 48895, with a cross street of 216 W Grand River. This is a single-building property with a total of 350 square feet. Property taxes are $0 per square foot.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1911
Total area 1,789 SF
Lot 0.3 ac (12,937 SF)
Zoning code C-1
APN 33-18-03-35-476-009
UPID US43-0923673

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
  • Insurance Agency

Location

216 Grand Riv Ave, Unit 8 Williamston, MI 48895-1320
Williamston metro Census 5800 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

C-1 · Williamston, MI
Zoning description

Section 74-2.306 C-1 Central Business District STATEMENT OF PURPOSE The C-1 Central Business District is intended to permit a variety of commercial, administrative, financial, civic, cultural, residential, entertainment,…

General category CIVIC_INSTITUTIONAL

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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