715 Union St Grass Lake, MI 49240
This exceptional investment opportunity presents a 2-story apartment building situated on a sprawling 7.04-acre lot in Grass Lake, Michigan. The property, located at 715 S Union St, boasts a substantial 5,200 square feet of space, built in 2017, and is zoned for commercial use. The asking price is $399,999, translating to a price per square foot of $85.56. The building's main level comprises a significant area, featuring a kitchen and generously sized rooms. The property's expansive lot offers considerable potential for future development or expansion. The address is conveniently located in Jackson County, Michigan, with the zip code 49240. While the listing mentions a full walk-out basement, the provided square footage for the main level is 5,200 square feet. This multifamily property presents a strong investment opportunity due to its size, location, and zoning. The substantial lot size provides ample room for future growth and development, making it an attractive prospect for investors seeking a significant return. The property's relatively new construction (2017) minimizes immediate maintenance concerns. This is a rare opportunity to acquire a well-located, sizable multifamily property in a desirable area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.