415 Jerome St, Midland, MI 48640-4960
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.
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Salutation Employment Agency
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ITH Staffing Publishing House
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
CC · Midland, MIMidland. 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.