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    OFF-MARKET
    Commercial real estate

    7477 Dort Hwy, Mount Morris, MI 48458-2220

    3,200 SF 0.76 ac lot Built 1986
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US43-5026106
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Thirty Seven LLC · 5 yrs held
    Thirty Seven LLC
    since 2021
    2 recorded transactions
    2021
    $160,000
    2014
    $100,000
    Zoning & alternative use
    C-2 HWY COMM · Mount Morris, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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