Property profile

2250 E Greenwood Rd Prescott, MI 48739

FOR SALE
Commercial real estate
Property ID
US43-4108556
2,752 SF 0.34 ac lot
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,752 square foot industrial property, located at 2250 E Greenwood in Prescott, Michigan, presents a unique investment opportunity. Priced at $75,000, the building boasts ample parking, a significant advantage for businesses requiring convenient vehicle access. Its strategic location directly across from Skidway Lake offers appealing aesthetics and potential for branding opportunities. The building's history as a bar and restaurant suggests a versatile layout adaptable to a variety of commercial uses. The substantial square footage provides ample space for operations, storage, or a combination thereof. The 0.34-acre lot provides additional space for expansion or outdoor activities. The property's existing infrastructure offers a cost-effective entry point for businesses seeking a ready-to-occupy space, eliminating the need for extensive renovations or construction. This property is ideal for entrepreneurs seeking a well-located, spacious building with significant parking at an attractive price point. The combination of size, location, and price makes this an exceptional opportunity in the Prescott, Michigan market. Serious inquiries are encouraged to explore the potential of this versatile industrial space.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 2,752 SF
Lot 0.34 ac (14,810 SF)
APN 010-026-103-00
UPID US43-4108556

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2250 E Greenwood Rd Prescott, MI 48739
Prescott metro Census 950902
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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