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    OFF-MARKET
    Office buildings

    415 Jerome St, Midland, MI 48640-4960

    1,176 SF 0.17 ac lot Built 1937
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US43-2411186
    Property summary
    AI-generated overview

    This exceptional 1,176 square foot industrial property presents a unique development opportunity in the thriving city of Midland, Michigan. Situated on a 0.6-acre lot, this strategically located site boasts significant frontage on Jerome (M-20), Indian (Bus 10), and Buttles streets, ensuring high visibility and accessibility. Average daily traffic counts range from 10,000 to 18,000 vehicles, depending on the specific intersection, providing unparalleled exposure for any future development. The property currently generates income via a small office space leased on a month-to-month basis, offering a potential revenue stream while development plans are finalized. This versatile property is zoned for mixed use, opening up a wide range of possibilities for redevelopment. Its prime location and high traffic volume make it an ideal investment for developers seeking a high-impact project in a dynamic market. The existing office building provides immediate income potential, allowing for a phased approach to development. This is a rare chance to acquire a highly visible and strategically located property in the heart of Midland, ready for its next chapter. The property's mixed-use zoning allows for a variety of development options, catering to a diverse range of potential uses. Don't miss this opportunity to capitalize on the potential of this exceptional location.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1937
    Total area 1,176 SF
    Lot 0.17 ac (7,405 SF)
    Zoning code CC
    APN 14-16-60-604
    UPID US43-2411186
    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
    Current use
    Occupant on record · Public records
    • Salutation Employment Agency
    • ITH Staffing Publishing House
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Sos Holding Company LLC · 4 yrs held
    Sos Holding Company LLC
    since 2022
    2 recorded transactions
    2022
    2021
    Zoning & alternative use
    CC · Midland, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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