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Property profile & analytics
OFF-MARKET Estimated value $575,000
Commercial real estate

702 Cedar St Kalkaska, MI 49646-9459

Individually Owned 2-yr Hold Free & Clear
Property ID
US43-3229039
Property summary
AI-generated overview

This exceptional 18,160-square-foot warehouse and distribution facility, situated on a 2.34-acre lot at 702 N Cedar St, Kalkaska, MI 49646, presents a unique investment opportunity. Built in 1976 and extensively renovated in 2021, the property boasts a desirable location near the intersection of US-131 and M-72, offering excellent visibility and accessibility. The building features four 14-foot overhead doors, providing ample access for loading and unloading. A large fenced yard provides substantial outdoor storage space. The property benefits from significant power capacity, including 3-phase power. The retail area underwent a complete renovation in 2021, and a new composite roof was installed on most of the building that same year. Regional Commercial zoning allows for a wide range of uses, including retail, restaurant, microbrewery, distillery, equipment rental, contractors, automotive, veterinary services, and even multifamily residential. Cannabis-related businesses are also permitted, including dispensaries, processing facilities, transportation, and safety compliance operations. With 222 feet of frontage, this property offers exceptional potential for a variety of businesses seeking a high-visibility location in a thriving community. The entire 18,160 square feet is currently vacant. The property's APN is 041-160-019-10.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 041-160-019-10
UPID US43-3229039
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
$575k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$575k
Owner & transaction history
Richard W Dewitt · 2 yrs held
Richard W Dewitt
since 2024
Last sale
$575,000
4 recorded transactions
2024
Price N/A
2024
$575,000
2020
$1,000
2020
$290,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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