Property profile

568 W Center Rd Essexville, MI 48732

FOR SALE
Commercial real estate
Property ID
US43-0899964
0.53 ac lot
Individually Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A retail property, located at 568 W Center Rd, Essexville, MI 48732, offers 1,400 square feet of meticulously renovated space (2024). The single-tenant building, situated on a 5.3-acre lot, boasts a convenient location with high visibility on a busy highway and excellent signage opportunities. Originally constructed in 1965, the two-story building has undergone a complete renovation in 2024, ensuring modern amenities and functionality. The property includes 30 parking spaces, catering to both customers and employees. Currently configured as a five-station salon and barber shop, complete with sinks and a private special care room, the space presents significant potential for a variety of uses, including medical offices, as suggested by its submarket classification. The building is served by CMS power and features Commercial zoning (APN: 070-049-400-065-00). The property's proximity to multi-family dwellings ensures a strong potential customer base. The building has no elevators. Cross street is Knight Rd. This is a rare opportunity to acquire a well-maintained, high-visibility retail property in a thriving Essexville location. The 10% load factor contributes to efficient space utilization.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.53 ac (23,087 SF)
APN 070-049-400-065-00
UPID US43-0899964

Cap rate & NOI

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

Location

568 W Center Rd Essexville, MI 48732
Essexville metro Census 285201 BAY CITY, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$125k

Owner & transaction history

since 2023
Last sale
$120,000
2 recorded transactions
2023
$120,000
2023
Price N/A

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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More about this property
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