Property profile

7477 S State Rd Goodrich, MI 48438

FOR SALE
Commercial real estate
Property ID
US43-1238035
3,096 SF 4.68 ac lot Built 1993
Individually Owned 2-yr Hold Free & Clear
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For Sale
$890,000 3,096 SF
7477 S State Rd, Goodrich, MI 48438
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Property summary

AI-generated overview

This exceptional 3,000 square foot industrial property, situated on a generous 4.68-acre lot in Goodrich, Michigan, presents a compelling investment opportunity. Conveniently located off M-15, the building boasts excellent visibility and accessibility. Currently occupied, the property features two handicap-accessible parking lots, ensuring ample parking for tenants and visitors. The building is divided into two distinct units. The upper level, encompassing 3,339 square feet, is currently utilized as a medical doctor's office. The lower level, comprising 2,800 square feet, is also leased. The property benefits from recent significant upgrades, including a new well pump installed in 2023, a new upper-level HVAC system in 2021, and a new lower-level HVAC system in 2022, demonstrating a commitment to ongoing maintenance and operational efficiency. Tenants are responsible for their own tenant improvements, common area maintenance (TICAM). This turnkey investment offers a strong potential for immediate cash flow and long-term appreciation. The property's prime location, substantial size, and recent improvements make it an attractive proposition for discerning investors seeking a stable and profitable addition to their portfolio. Serious inquiries only.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1993
Construction WOOD
Total area 3,096 SF
Lot 4.68 ac (203,774 SF)
Zoning code VILLAG
APN 02-15-400-030
UPID US43-1238035

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Medical Clinic
  • Medical Clinic
  • Pediatrician Physician
  • Physician
  • Medical Clinic

Location

7477 S State Rd Goodrich, MI 48438
Goodrich metro Census 13402 FLINT, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$410k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
1969
Price N/A

Zoning & alternative use

VILLAG · Goodrich, 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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