8782 Gull Rd, Richland, MI 49083-9307
This exceptional 1,840 square foot industrial property, situated on a spacious 2.5-acre lot in the Village of Richland, Michigan, presents a unique investment opportunity. The main floor offers ample space, previously configured as an office, ideal for a variety of businesses, particularly those requiring a high-visibility location. Its previous use as an office suggests suitability for professional services, such as an insurance agency. Adding to its appeal is a separate, income-generating 2-bedroom, 1-bathroom apartment on the upper level, complete with its own private entrance. This provides a significant additional revenue stream for the property owner. The property also includes a convenient 2-stall garage, offering ample storage and parking for both the business and apartment occupants. Extensive additional parking is available on the expansive lot. A pole barn on the property is available for long-term lease, offering further potential for income generation or expansion of the existing business. This property's combination of commercial space, residential rental unit, and additional outbuilding makes it a truly versatile and attractive investment opportunity in a desirable location. The property's location in the Village of Richland ensures easy access to local amenities and transportation routes. Serious inquiries are encouraged to explore the possibilities of this multifaceted property. Contact us to discuss the long-term lease options for the pole barn.
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Beilby Restoration & Machinery General Contractor Construction Company
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Kalamazoo Paper Chemicals Logistics Company
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Hunter Tool & Die Co Industrial Manufacturer
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
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.