Technical
Financial
Distress signals
Property profile

4915 Hedgewood Dr Midland, MI 48640

OFF-MARKET
Other individual retail properties
Property ID
US43-2350580
2,038 SF 0.57 ac lot Built 1978
Individually Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This single-story commercial building comprises 1,534 square feet and was constructed in 1978, with updates completed in 2024. The property is configured into six individual suites. Suites 3 through 6 are leased, while Suites 1 and 2 are occupied under month-to-month arrangements by Vital Hydr8; Suite 1 and Suite 2 include a wellness room featuring a cold plunge and an infrared sauna, as well as an IV lounge. The building had a roof replacement in 2024. The landlord-managed services include lawn care, snow removal, utilities, and some basic maintenance of interior common areas. The property layout supports multi-tenant occupancy through the six-suite configuration.

Property profile

Verified
Property type Other individual retail properties
Use group BARBER, HAIR SALON
Year built 1978
Total area 2,038 SF
Lot 0.57 ac (24,829 SF)
Zoning code OS
APN 14-06-50-127
UPID US43-2350580

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hair Salon Nail Salon
  • Alternative Medicine Practice Spa & Massage Center
  • Financial Advisor

Location

4915 Hedgewood Dr Midland, MI 48640-1930
Midland metro Census 291000 MIDLAND, MI MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$300k

Owner & transaction history

since 2022
2 recorded transactions
2022
Price N/A
2020
$160,000

Zoning & alternative use

OS · Midland, MI
Zoning description

Community, CC, OS, NC, D, C Conditional Use and Site Plan Review Wireless internet facilities 3 feet or less in dimension. All districts Administrative Site Plan Review 4. Standards and Conditions a. No telecommunication…

General category COMMERCIAL

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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