Property profile

830 Chestnut St Reed City, MI 49677

OFF-MARKET
Commercial real estate
Property ID
US43-3062547
3.2 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Reed City, MI property offers 33,552 square feet of versatile commercial space across three buildings, priced at $750,000 ($22.34/SF). Previously a lumber yard, this location boasts a durable metal exterior, 19-foot high ceilings, and open floor plans ideal for customization. The property includes a large, fenced-in area for secure storage and employee break rooms. Situated on S Chestnut St, it benefits from high visibility with a daily traffic count of 5,467 vehicles, making it perfect for retail, warehousing, or office use. The property's multi-functional design and prime location in Reed City's commercial core present a rare investment opportunity at a competitive price point. This adaptable space allows for flexible usage and expansion opportunities, catering to a variety of business needs. The low-maintenance metal exterior ensures move-in readiness, minimizing upfront costs. This is a compelling opportunity to acquire a well-positioned commercial property in a thriving Michigan community.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 3.2 ac (139,392 SF)
APN 52 016 050 00
UPID US43-3062547

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
  • Car Rental Facility

Location

830 Chestnut St Reed City, MI 49677-1308
Reed City metro Census 970600
Google Maps

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
$235k

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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