Property profile

675 Centreville St Constantine, MI 49042

OFF-MARKET
Industrial properties
Property ID
US43-2279842
1.84 ac lot
Entity Owned 5-yr Hold ~ Est. High Equity
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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

Location

675 Centreville St Constantine, MI 49042-1207
Constantine metro Census 41101 STURGIS, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2021
Last sale
$250,000
5 recorded transactions
2021
$250,000
2021
$85,000
2018
$55,000
2018
Price N/A
2015
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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