32129 Block St, Garden City, MI 48135-1504
This exceptional 5,703 square foot creative office space, located at 32129 Block St in Garden City, Michigan (48135), presents a unique investment opportunity. The single-story, Class C building, constructed in 1985, sits on a 2-acre lot and is currently vacant. Recently renovated and expanded, the property boasts a light manufacturing permitted zoning, offering versatility for various creative businesses. All equipment, including state-of-the-art kilns and specialized tools, is included in the sale price of $1,600,000 ($280.55/sq ft). The building's history includes a decade-long successful ceramics business, demonstrating its suitability for creative endeavors. The previous owners are available for a transitional period to ensure a smooth handover. The property's strong financial history and potential for expansion make it an attractive investment with significant growth opportunities. This is a rare chance to acquire a well-equipped, established space in a prime location with a proven track record of success. The property is ready for immediate occupancy and offers a unique blend of functionality and creative potential.
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Michigan Art Center Theater & Performing Art Venue
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
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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.