Property profile

228 7Th St Frankfort, MI 49635

FOR LEASE
Commercial real estate
Property ID
US43-3010804
0.2 ac lot
Entity Owned 18-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 2,000 square foot multi-tenant office building, constructed in 1976, offers a fantastic opportunity in Frankfort, Benzie County. Located on a desirable corner lot, the property boasts excellent visibility and ample parking, making it highly accessible for clients and staff. Currently, 1,055 square feet of office space is available for lease. The suite is ideally suited for medical practices, featuring two rooms equipped with sinks, and a separate office area with its own exterior entrance. Beyond the medical suite, the building offers a welcoming reception area with a waiting room, leading to additional rooms and open areas suitable for a variety of business uses. The property is zoned commercial and has an APN of 51-010-234-00. This versatile space presents a unique chance to establish or expand your business in a thriving location. The building's layout provides flexibility for various configurations, catering to diverse business needs. The combination of prime location, ample parking, and adaptable interior space makes this property a compelling investment opportunity. Don't miss this chance to secure a well-positioned office space in a desirable area.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.2 ac (8,538 SF)
APN 51-010-234-00
UPID US43-3010804

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
  • Accounting Firm Tax Preparation
  • Physician

Location

228 7Th St Frankfort, MI 49635
Frankfort metro Census 400 TRAVERSE CITY, MI MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2007
1 recorded transaction
2007
$190,000

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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