Property profile

7477 Dort Hwy Mount Morris, MI 48458

OFF-MARKET
Commercial real estate
Property ID
US43-5026106
3,200 SF 0.76 ac lot Built 1986
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 7477 N Dort Highway in Mount Morris, Michigan, presents a unique investment opportunity. The 3,200 square foot building, constructed in 1986, sits on a 0.76-acre lot (132.00 x 250.00 dimensions) and is zoned for commercial use. The property features a combination of office and warehouse space, with approximately 1168 square feet dedicated to office space and 2032 square feet to warehouse space. Currently vacant, this property offers significant potential for various business ventures. The building boasts ample parking, a gated entrance, and two convenient access points – one from Dort Highway and another from Lewis Road. While the building requires some updates, its solid structure provides a strong foundation for future improvements. The basement houses a boiler, and a newer furnace is also present. The property's prime location on Dort Highway ensures high visibility and significant daily traffic. The asking price is $194,000, translating to $60.63 per square foot. This is a standard (private) ownership opportunity. The property is located in Genesee County, Michigan, zip code 48458.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1986
Total area 3,200 SF
Lot 0.76 ac (33,018 SF)
Zoning code C-2 HWY COMM
APN 11-08-501-003
UPID US43-5026106

Cap rate & NOI

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

Location

7477 Dort Hwy Mount Morris, MI 48458-2220
Mount Morris metro Census 12201 FLINT, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$290k

Owner & transaction history

since 2021
2 recorded transactions
2021
$160,000
2014
$100,000

Zoning & alternative use

C-2 HWY COMM · Mount Morris, MI

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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