8523 State Rd, Millington, MI 48746-9446
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.