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    FOR SALE
    Commercial real estate

    568 W Center Rd, Essexville, MI 48732

    0.53 ac lot
    Individually Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US43-0899964
    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
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Derek Hartley · 2 yrs held
    Derek Hartley
    since 2023
    Last sale
    $120,000
    2 recorded transactions
    2023
    $120,000
    2023
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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