Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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General Contractor Construction Company
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Logistics Company
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Industrial Manufacturer
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2019Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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