21710 29th Mile Rd, Ray, MI 48096-2600

This exceptional investment opportunity in Ray, Michigan presents a 3,752 square foot, two-story building situated on a 0.65-acre lot at 21710 29 Mile. The property boasts three units: two upstairs apartments, each measuring 938 square feet with two bedrooms and one bathroom, currently generating rental income. The substantial 1,876 square foot lower level is currently used as living quarters but is easily adaptable for various commercial uses, including retail, office space, or a store, offering significant potential for increased revenue. Each unit benefits from a private entrance. The property enjoys a highly visible location with substantial traffic flow, making it ideal for a business seeking high exposure. The current rental income is below market average, suggesting a strong potential for increased profitability and a capitalization rate of 8% or more. The expansive lot provides ample room for future expansion. A land contract option is available, and all reasonable offers will be considered. This multi-unit property offers a compelling blend of residential and commercial income potential, making it an attractive investment for discerning buyers.