Property profile

3401 Sterns Rd Lambertville, MI 48144

OFF-MARKET
Office buildings
Property ID
US43-1521027
7,992 SF 1.16 ac lot
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Lambertville, MI industrial property presents a significant investment opportunity. Located at 3401 Sterns, the building currently boasts 7,992 square feet of leasable space, divided into six main-level rental units. Four of these units benefit from convenient basement storage. A compelling aspect of this property is the significant expansion potential. An additional approximately 2,952 square feet of unfinished space is available on the upper level, ready for development. The upper level is already plumbed for a bathroom, simplifying build-out. Upon completion of the upper level, the total building square footage will reach approximately 13,842 square feet. The property sits on a generous 1.16-acre lot, providing ample space for operations and future expansion. The asking price is $1,599,000. The seller is open to owner financing, offering a flexible purchase option for qualified buyers. This property is ideal for investors seeking a strong return on investment or businesses looking to expand their operations in a prime Lambertville location. The existing rental income stream provides immediate cash flow, while the significant expansion potential offers long-term growth opportunities. Don't miss this chance to acquire a versatile and valuable commercial property.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Total area 7,992 SF
Lot 1.16 ac (50,530 SF)
APN 02-491-002-00
UPID US43-1521027

Cap rate & NOI

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

Location

3401 Sterns Rd Lambertville, MI 48144-9576
Lambertville metro Census 833300 MONROE, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$856k
Blend (final) Blend
$205k

Owner & transaction history

since 2005
1 recorded transaction
2005
$210,000

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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