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    FOR LEASE
    Commercial real estate

    8275 N 32Nd St, Richland, MI 49083

    1,951 SF Built 1951
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US43-2020725
    Property summary
    AI-generated overview

    This exceptional 1,951 square foot Class A office building is available for sale in Richland, Michigan. Situated on a 1.88-acre lot at 8275 N 32nd Street (cross street M-43), this single-tenant property boasts high visibility on North 32nd Street. Built in 1972, the one-story building offers ample parking and attractive finishes, including a brick exterior. The property is currently vacant and move-in ready, presenting a unique opportunity for a variety of office users. Its previous use as a law office and bank makes it ideally suited for regional lending institutions or private professional practices seeking a prominent location in Richland or the surrounding area. The property's APN is 390315448041. This is a single-story building with a total of 1,951 square feet of space, all of which is currently vacant. The property's excellent condition and prime location make it an attractive investment opportunity. The building's Class A designation reflects its high quality and desirable features.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1951
    Total area 1,951 SF
    APN 03-15-448-041
    UPID US43-2020725
    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
    Current use
    Occupant on record · Public records
    • Ripley Thomas M Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Tmk Properties LLC · 3 yrs held
    Tmk Properties LLC
    since 2023
    Last sale
    $320,000
    3 recorded transactions
    2023
    $320,000
    2016
    2015
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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