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    OFF-MARKET
    Industrial properties

    675 Centreville St, Constantine, MI 49042-1207

    1.84 ac lot
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US43-2279842
    Property summary
    AI-generated overview

    This 8,000 square foot industrial building is situated on a 1.84-acre lot in the commercial district of Constantine, Michigan, at 675 Centreville. The property is currently available for $225,000. Its previous use was as a caregiver marijuana grow operation. It's important to note that within the Village of Constantine, only one remaining license is available for this building's use: a MicroGro license. Prospective buyers are strongly encouraged to contact the Village Office at 269-435-2085 to inquire about current permits and licensing opportunities. This presents a unique opportunity for an entrepreneur seeking a strategically located industrial space with potential for a specific, regulated business. The building's size and acreage offer ample room for various industrial applications, subject to obtaining the necessary permits and licenses from the Village of Constantine. The motivated seller makes this an attractive proposition for those seeking a ready-to-develop property in a prime commercial location. Serious inquiries only. All information provided is deemed reliable but not guaranteed and should be independently verified.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Lot 1.84 ac (80,150 SF)
    APN 043-777-018-10
    UPID US43-2279842
    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
    Naxhije LLC · 5 yrs held
    Naxhije LLC
    since 2021
    Last sale
    $250,000
    5 recorded transactions
    2021
    $250,000
    2021
    $85,000
    2018
    $55,000
    2018
    2015
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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