Property profile

8523 State Rd Millington, MI 48746

OFF-MARKET
Commercial real estate
Property ID
US43-2482941
0.33 ac lot
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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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

Location

8523 State Rd Millington, MI 48746-9446
Millington metro Census 1200
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2025
Last sale
$3,600
3 recorded transactions
2025
$3,600
2022
$22,703
2012
Price N/A

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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