2380 S Patterson Rd, Shelbyville, MI 49344
For Sale
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This 1,900 square foot industrial building in Shelbyville, Michigan, presents a unique investment opportunity. Located at 2380 S Patterson, the property boasts a highly desirable location within walking distance of a bank, grocery store, Gun Lake launch site, and a park. The 0.04-acre lot includes a valuable 14-foot easement providing convenient access to boat docking or direct park access, offering stunning lake views. The building's versatility allows for a range of potential uses, subject to township approval. This makes it ideal for entrepreneurs seeking a flexible space. The property is situated in Allegan County and importantly, allows for short-term rentals, expanding income potential. The asking price is $375,000, and the seller is exclusively considering all-cash offers or pre-approved financing. This prime location, combined with the building's adaptability and the added benefit of lake access, makes this an exceptional opportunity for a savvy investor. The convenience of nearby amenities further enhances its appeal. Serious inquiries only, with proof of funds readily available.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.