Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Theater & Performing Art Venue
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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