7058 Douglas Rd Lambertville, MI 48144-9487
- Retail space
- 3,332 SF
- 0.72 lot acres
Current Use by Public Records
- Carrdan Preservation Supplies / Construction Equipment Supplier
- Bronco Western Supply Company / Western Apparel Store
Property Details for 7058 Douglas Rd
- Lot size
- 0.72 lot acres
- Property size
- 3,332 SF
- Property type
- Retail space
- APN
- 02-430-027-00
- APU
- 243002700
Description
This exceptional free-standing retail building, located on Douglas Road in Lambertville, Michigan, offers 2,849 square feet of leasable space. Situated just minutes north of Toledo, Ohio, this Class B property boasts a convenient location and ample parking with 75 spaces, making it ideal for a variety of retail uses. The building, which features one story and underwent renovations in 2016, is zoned for commercial use and sits on a single lot within Monroe County. Previously occupied by a retail clothing store, and historically used as a diner and small event center, this versatile space presents a unique opportunity for a new tenant. The building's features include a new roof and a large parking lot, ensuring convenience for both customers and employees. The property's excellent location within a thriving community makes it an attractive option for businesses seeking high visibility and accessibility. The single-tenant occupancy provides flexibility and control for the new lessee. This is a rare opportunity to secure a well-maintained, spacious retail space in a desirable location. The property is ready for immediate occupancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $95,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $120,000
- 6.5%
- $105,000
- 7%
- $120,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $95,000
- Geo Method
- $125,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $120,000
- Retail
- $100,000
- Mixed-Use
- $100,000
- Hospitality
- $110,000
- Educational
- $120,000
- Residential Income
- $115,000
- Energy
- $110,000
- Income-Based Land
- $100,000
- Food Service
- $105,000
Location Insight
- Map
- Local Demand
- City
- Lambertville
- County
- Monroe
- State
- Michigan
- Longitude
- -83.6056
- Latitude
- 41.7441
- CBSA code
- 33780
- CBSA name
- MONROE, MI METROPOLITAN STATISTICAL AREA