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    OFF-MARKET
    Commercial real estate

    33922 Armada Ridge Rd, Richmond, MI 48062

    1,750 SF 1.45 ac lot Built 150
    Property ID
    US43-0500006
    Property summary
    AI-generated overview

    This exceptional mixed-use property in Richmond, Michigan presents a unique investment opportunity. Situated on a spacious 1.45-acre lot, this two-story building offers 1,750 square feet of space, currently configured as a blend of office and retail areas within an existing residential structure. Built in 1874 and renovated in 2015, the property boasts a charming farmhouse aesthetic with modern updates. The exterior features new siding, a robust roof, and energy-efficient windows, complemented by a patio with a built-in kitchen and gazebo. Interior highlights include original woodwork, multiple bedrooms and bathrooms, a country kitchen with dining area, and a loft suitable for office space. The property's C1 zoning allows for a wide range of commercial uses, providing flexibility for business owners seeking a unique blend of residential comfort and commercial functionality. The property's location in Macomb County, Michigan, at 33922 Armada Ridge Rd, 48062, offers convenient access to local amenities and transportation. The asking price is $375,000, translating to $214.29 per square foot. Parcel numbers are 220334476020 and 2202334476021. This property is privately owned. Further details on permitted uses under the C1 zoning are available upon request.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 150
    Total area 1,750 SF
    Lot 1.45 ac (63,162 SF)
    APN 220334476020, 2202334476021
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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