35000 Division Rd Richmond, MI 48062-1566
This exceptional 2,500 square foot industrial building, situated on a 0.34-acre lot in Richmond, MI, presents a unique investment opportunity. Located in a high-traffic area, the property boasts ample parking. The building's versatile layout currently includes multiple offices, a dedicated conference room, and a media room, offering flexibility for a variety of uses. The existing configuration could easily be maintained for a multi-tenant setup, or the interior could be opened up to create a larger, more open floor plan to suit a single occupant's needs. The building's size and layout provide significant potential for a range of businesses seeking a functional and well-located space. The substantial parking area ensures convenient access for employees and clients alike. This property is ideally suited for businesses requiring a combination of office and warehouse space, or those seeking a prominent location with high visibility. The asking price of $350,000 represents a compelling value in the current market. This is a rare opportunity to acquire a well-maintained industrial building in a desirable location. Don't miss out on this chance to secure a prime piece of commercial real estate in the thriving Richmond area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
O · Richmond, MIRichmond. Always verify with local authorities before improvements.
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.