Property profile

300 2nd St Lincoln, MI 48742

OFF-MARKET
Commercial land
Property ID
US43-3942651
0.14 ac lot
Entity Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Lincoln, MI business opportunity encompasses a 3,944 square foot retail and repair shop, ideally situated on a prominent corner lot. The property boasts significant road frontage, offering approximately 46 feet at the retail entrance and an additional 396 feet along the repair shop and outbuildings. This extensive frontage ensures high visibility and accessibility for customers. The main building houses a thriving existing business specializing in lawn and garden equipment sales and service, along with retail sales of outdoor gear, guns, and ammunition. Adding to the property's versatility is a sizable upper-floor rental unit, providing additional income potential. Two substantial 2,400 square foot pole barns, complete with concrete flooring and electrical service, offer ample space for inventory storage, display, or potential expansion of the existing business or the addition of new ventures. The sale includes the real estate and the established business. Salable inventory will be priced separately. A non-disclosure agreement is required for access to further details and financial information. This is a rare opportunity to acquire a well-established business with significant growth potential in a desirable location. The property's size, location, and existing infrastructure make it an attractive investment for a variety of business ventures.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.14 ac (6,055 SF)
APN 052-000-031-001-00
UPID US43-3942651

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
  • (Bike/Boat/Book/etc) Store Garden Center

Location

300 2nd St Lincoln, MI 48742-9806
Lincoln metro Census 970400
Google Maps

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

since 2010
1 recorded transaction
2010
Price N/A

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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