8639 Mason Dr, Newaygo, MI 49337-8815
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
LOCAL ZONE · Newaygo, MINewaygo. Always verify with local authorities before improvements.
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.