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    Property profile & analytics
    FOR SALE
    Retail space

    8736 Swan Creek Rd, Newport, MI 48166

    1,368 SF 0.08 ac lot
    Trust Owned 6-yr Hold Free & Clear
    Property ID
    US43-0723676
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 8736 Swan Creek in the heart of Newport, Michigan, presents a unique investment opportunity. The 6,969 square foot lot houses a free-standing block building that has undergone a complete renovation. Improvements include a new gable roof, updated siding and trim, newer furnace, windows, and air conditioning. Currently configured as an insurance office, the building offers significant versatility and potential for a variety of uses. The possibilities are numerous, including retail, a doctor's office, or even a video store or dollar store. The property also features a walk-out basement and a garage, providing ample storage and additional space. Conveniently located in downtown Newport, this property benefits from high traffic volume and excellent visibility. Its strategic location offers easy access to major roadways, including I-75, I-275, and Telegraph Road. Additional parking is available at the rear of the building. The current monthly rent is $1,200, and a land contract may be considered. This is an ideal opportunity for an investor seeking a well-maintained, adaptable commercial space in a thriving Michigan community. The asking price is $249,900.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Total area 1,368 SF
    Lot 0.08 ac (3,615 SF)
    APN 03-001-066-00
    UPID US43-0723676
    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
    Current use
    Occupant on record · Public records
    • Barron Insurance & Financial Services Agency Insurance Agency
    • Life Span Massage & Bodywork Alternative Medicine Practice Spa & Massage Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Deluca,b & S Trust · 6 yrs held
    Deluca,b & S Trust
    since 2019
    1 recorded transaction
    2019
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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