Property profile

610 Paw Paw St Lawrence, MI 49064

OFF-MARKET
Individual retail properties
Property ID
US43-2031522
3,600 SF 0.65 ac lot Built 1975
Individually Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 4,000 square-foot commercial property in Lawrence, MI, presents a unique investment opportunity. Previously operating as a laundromat and convenience store, this adaptable space offers flexible lease terms to suit various business needs. Located at 610 S Paw Paw Street, it benefits from high visibility and ample parking (50 spaces) directly across from a large mobile home community, ensuring high traffic. The building features an open floor plan, upgraded plumbing and electrical infrastructure (ideal for laundromats, dry cleaners, or similar ventures), existing shelving and counter space from the former convenience store, and additional rear storage. High ceilings allow for flexible interior layouts. Partial space lease options are available, ranging from 1,800 to 4,000 square feet. This prime location is perfect for retail stores, quick-service restaurants, service-based businesses, or similar ventures. The property's existing infrastructure minimizes initial setup costs, making it an attractive option for entrepreneurs and established businesses alike. Contact us today to explore the possibilities.

Property profile

Verified
Property type Individual retail properties
Use group LAUNDROMAT (SELF-SERVICE)
Year built 1975
Total area 3,600 SF
Lot 0.65 ac (28,183 SF)
Zoning code VILLAGE
APN 80-44-456-004-00
UPID US43-2031522

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
  • (Bike/Boat/Book/etc) Store

Location

610 Paw Paw St Lawrence, MI 49064-9670
Lawrence metro Census 11300 KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$785k

Owner & transaction history

since 2021
Last sale
$712,000
6 recorded transactions
2021
Price N/A
2020
$712,000
2016
Price N/A
2015
$195,000
2009
$230,000
2006
Price N/A

Zoning & alternative use

VILLAGE · Lawrence, MI

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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