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    Property profile & analytics
    OFF-MARKET
    Retail space

    8639 Mason Dr, Newaygo, MI 49337-8815

    9,098 SF 1.72 ac lot
    Entity Owned 12-yr Hold Free & Clear
    Property ID
    US43-3886774
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 8639 S Mason in Newaygo, Michigan, presents a unique investment opportunity. The main building offers over 3,000 square feet of versatile space, ideal for a variety of uses including office space, restaurant, or retail establishment. Its convenient location right off M37 ensures high visibility and accessibility. Adding to its appeal is a substantial 48x32 insulated and heated pole barn, perfect for storage or workshop space. The property also boasts a significant 9.1-acre lot, providing ample room for expansion or future development. A key feature contributing to strong passive income is a 150x30 self-service storage unit complex. This complex comprises 26 units measuring 10x15 feet and 12 units measuring 4x8 feet, currently generating a consistent monthly revenue stream. The property's diverse offerings, combined with its prime location and substantial size, make it an attractive investment for discerning buyers seeking a high-return commercial venture in a thriving Michigan community. The asking price is $1,500,000.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Total area 9,098 SF
    Lot 1.72 ac (74,880 SF)
    Zoning code LOCAL ZONE
    APN 18-25-400-043
    UPID US43-3886774
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Smart Energy Group LLC · 12 yrs held
    Smart Energy Group LLC
    since 2014
    2 recorded transactions
    2017
    2014
    $200,000
    Zoning & alternative use
    LOCAL ZONE · Newaygo, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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