402 Division St Bellaire, MI 49615
This exceptional 12-acre mixed-use property in Bellaire, Michigan, presents a unique investment opportunity for developers and entrepreneurs. Located at 402 S Division, conveniently situated on M-88, next to Papa K's and across from Huntington Bank, this property offers significant potential. The existing 1,700 square foot building features a 3-bedroom, 1.5-bathroom home with an unfinished walk-out lower level, currently suitable for residential use (full-time residence, short-term, or long-term rental). However, its commercial zoning unlocks a wide array of possibilities. With the necessary permits, the property could be developed into various income-generating ventures, including professional offices, a manufactured housing community, an RV park and campground, planned unit developments, a site condominium, or a subdivision. Additional possibilities include a restaurant, retail outlet, storage facility, entertainment venue, vehicle sales, or watercraft storage. The property's extensive size extends from M-88 to an abandoned railroad walking path, offering further development potential. The asking price is $599,000. This property is located in Antrim County, Michigan, zip code 49615.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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