Property profile

7008 Lewis Ave Temperance, MI 48182

FOR SALE
Commercial real estate
Property ID
US43-1438833
3,096 SF 4334 ac lot
Individually Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,051 square foot commercial property, situated on a 0.43-acre lot at 7008 Lewis in Temperance, MI, presents a unique business opportunity. The building boasts a thoughtfully designed layout, ideal for a variety of professional uses. The first floor features a welcoming reception room (12x10), a spacious foyer (17x6), a substantial office (21x15) complete with a fireplace, a dedicated copy room (15x9), and two additional offices (12x10 and 12x8). A convenient kitchen (12x5) and ample storage (15x10) complete the ground floor amenities. Upstairs, three versatile rooms (17x15, 19x12, and 10x10) are perfect for use as offices or conference rooms, offering flexibility to suit diverse business needs. This property benefits from a highly desirable location, providing easy access to Ohio and major expressways leading to Ann Arbor and Detroit, ensuring excellent visibility and convenient commuting for employees and clients. The entire property has undergone a complete interior and exterior renovation. Furthermore, an ALTA survey was completed in 2020, providing comprehensive property information. Showings are available on Fridays, Saturdays, and Sundays with a 24-hour notice. Priced at $160,000, this is an outstanding investment opportunity not to be missed.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 3,096 SF
Lot 4334 ac (188,789,040 SF)
APN 02-035-053-15
UPID US43-1438833

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
  • Law Firm

Location

7008 Lewis Ave Temperance, MI 48182
Temperance metro Census 833500 MONROE, 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
$280k

Owner & transaction history

1 recorded transaction
1969
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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