8736 Swan Creek Rd, Newport, MI 48166
For Sale
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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.
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Barron Insurance & Financial Services Agency Insurance Agency
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Life Span Massage & Bodywork Alternative Medicine Practice Spa & Massage Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.