Property profile

715 S Union St Grass Lake, MI 49240

FOR SALE
Apartment buildings
Property ID
US43-1225843
5,200 SF 7.04 ac lot Built 2017
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For Sale
Contact for pricing 5,200 SF
715 S Union St, Grass Lake, MI 49240
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Apartment buildings
Year built 2017
Total area 5,200 SF
Lot 7.04 ac (306,662 SF)
UPID US43-1225843

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

715 S Union St Grass Lake, MI 49240
Grass Lake metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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