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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    227 Wright Ave 12, Shepherd, MI 48883-5161

    0.05 ac lot
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-2297280
    Property summary
    AI-generated overview

    This 576-square-foot industrial property, located at 227 W Wright in Shepherd, MI, presents a remarkable opportunity for entrepreneurs. Situated on a 0.05-acre lot, this building boasts a prime commercial location on a well-traveled route within the village. Previously used as an ice cream parlor, the property features an inviting storefront, ready for immediate occupancy and customization. The building offers ample potential for a variety of businesses. A spacious area behind the building provides extra space ideal for outdoor seating, storage expansion, or other operational needs. This versatile space allows for creative expansion and unique customer experiences. Note that existing ice cream equipment is sold separately. This property is perfect for those seeking a thriving business environment in a close-knit community. Don't miss this chance to establish or relocate your business in this well-positioned location. Schedule a showing to explore the possibilities.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.05 ac (2,178 SF)
    APN 31-050-00-179-00
    UPID US43-2297280
    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
    • Sugar Shack Grocery & Convenience Store Specialty Food Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    SHEPHERD ICE CREAM SHOP LLC
    SHEPHERD ICE CREAM SHOP LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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