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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    8523 State Rd, Millington, MI 48746-9446

    0.33 ac lot
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-2482941
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 3,600 square foot building situated on a 0.28-acre lot in Millington, Michigan, directly on M-15. The property boasts a thriving storefront business, generating immediate income. Adding to its appeal are two spacious, two-bedroom apartments upstairs, consistently rented for over four years with reliable tenants. This provides a stable and predictable rental income stream. Beyond the existing business and apartments, the property includes two additional spaces, currently unused. These versatile areas offer significant potential for expansion. They could be leased for storage, generating additional rental income, or renovated to accommodate new businesses, further increasing the property's value and profitability. The building has been meticulously maintained, reflecting its excellent condition. This turnkey operation offers a rare blend of established income and significant upside potential, making it an ideal investment for discerning buyers seeking a strong return on investment in a desirable location. The property's prime location on M-15 ensures high visibility and accessibility, attracting both customers and tenants. This is a truly exceptional opportunity not to be missed.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.33 ac (14,375 SF)
    APN 041-500-109-0510-00
    UPID US43-2482941
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Bjw Development LLC · 1 yrs held
    Bjw Development LLC
    since 2025
    Last sale
    $3,600
    3 recorded transactions
    2025
    $3,600
    2022
    $22,703
    2012
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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