Property profile

8877 Onsted Hwy Onsted, MI 49265

OFF-MARKET
Commercial real estate
Property ID
US43-1439813
1,923 SF 1.11 ac lot Built 1988
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial property in Onsted, MI, presents a unique investment opportunity. Located at 8877 Onsted, this 1,923 square foot building sits on a 1.1-acre lot in a high-traffic area, adjacent to a Dollar General. Established in 1988, the property benefits from significant multigenerational foot traffic, ensuring a strong customer base. Ample parking is available, and the property offers considerable room for expansion, catering to a variety of business needs. The building underwent a complete update and remodel in 2019, resulting in a clean, well-maintained, and attractive space. Currently configured to accommodate two businesses, one side features a long-term tenant with a thriving business, further enhancing foot traffic. This tenant will remain, providing immediate income potential for the new owner. The other side of the building, currently housing the Ad Lib Coffee Business, is also available for sale, offering a turnkey operation or the opportunity to establish a new venture. The property's prime location, existing infrastructure, and expansion potential make it an ideal investment for entrepreneurs seeking a well-established and thriving business environment. The asking price for this exceptional property is $279,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1988
Total area 1,923 SF
Lot 1.11 ac (48,352 SF)
Zoning code CI
APN CA8-127-1150-00
UPID US43-1439813

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop
  • Cafe & Coffee Shop

Location

8877 Onsted Hwy Onsted, MI 49265-9679
Onsted metro Census 60302 ADRIAN, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2021
5 recorded transactions
2022
Price N/A
2021
Price N/A
2019
Price N/A
2019
$190,000
1969
Price N/A

Zoning & alternative use

CI · Onsted, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8877 Onsted Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message