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Property profile & analytics
OFF-MARKET
Outlet malls

5507 Lansing Rd Charlotte, MI 48813-9375

9,432 SF 0.99 ac lot
Individually Owned 6-yr Hold ~ Est. High Equity
Property ID
US43-2477066
Property summary
AI-generated overview

This exceptional commercial property in Charlotte, MI, presents a remarkable investment opportunity. The offering encompasses two substantial buildings situated on a generous 1.2-acre lot, comprised of two parcels totaling 0.99 acres and an additional 0.21 acres. The main building, boasting 5,876 square feet, is ideally suited for a showroom or cultivation facility. A complete renovation has prepared this space for immediate occupancy. Significant improvements include new storefront doors and windows installed in 2020, a new hot water heater (2020), and a new metal roof (2022). Furthermore, two new furnaces and an air conditioning unit, purchased in 2021, are included in the sale, though never installed. The second building, approximately 4,000 square feet, offers versatile space perfect for a workshop, processing facility, or storage. This building features a roof replaced around 2017/2018. The combined square footage of nearly 10,000 provides extensive space for a variety of commercial uses. This property's strategic location, substantial size, and recent upgrades make it an exceptional opportunity for a discerning investor or business owner seeking a turnkey operation. The asking price is $599,000.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Total area 9,432 SF
Lot 0.99 ac (43,124 SF)
Zoning code B-1
APN 080 017 100 201 00
UPID US43-2477066
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Mark Cochran · 6 yrs held
Mark Cochran
since 2020
Last sale
$134,000
4 recorded transactions
2020
$134,000
2018
$500,000
2017
Price N/A
2017
Price N/A
Zoning & alternative use
B-1 · Charlotte, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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