Property profile

33922 Armada Ridge Rd Richmond, MI 48062

OFF-MARKET
Industrial properties
Property ID
US43-0500006
1,750 SF 1.45 ac lot Built 1874
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Property summary

AI-generated overview

This exceptional 1,750 square foot property in Richmond, MI, presents a rare blend of historical charm and modern functionality. Situated on a spacious 1.45-acre lot, this 1874 farmhouse offers a unique opportunity for commercial use, thanks to its C1 zoning. The exterior has undergone significant upgrades, including new siding, a durable roof, and energy-efficient windows, enhancing both aesthetics and energy efficiency. A delightful patio area complete with a built-in kitchen and gazebo provides ample outdoor space. Inside, the home retains its original character with classic 1870s architectural details such as original woodwork. The traditional layout includes multiple bedrooms and bathrooms, a country kitchen with a dining area, and a loft area ideal for use as an office. The property's C1 zoning allows for a wide range of commercial uses, enabling a seamless integration of business and residential living. Detailed information on permitted uses is available in the associated documents. Priced at $375,000, this property represents a compelling investment opportunity for those seeking a unique blend of historical character, modern amenities, and commercial potential. The combination of residential comfort and commercial flexibility makes this a truly exceptional offering.

Property profile

Verified
Property type Industrial properties
Year built 1874
Total area 1,750 SF
Lot 1.45 ac (63,162 SF)
UPID US43-0500006

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

33922 Armada Ridge Rd Richmond, MI 48062
Richmond metro
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Value estimations

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Owner & transaction history

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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