Property profile

901 Spruce St Dowagiac, MI 49047

OFF-MARKET
Commercial real estate
Property ID
US43-2632389
2.41 ac lot
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Silver Creek Plaza, located at 901 Spruce Street in Dowagiac, Michigan, offers two exceptional retail spaces for lease. This 19,294 square foot strip center sits on 2.14 acres of land and enjoys a prime location along a busy retail corridor. The available spaces range from 3,500 to 4,100 square feet, perfect for a variety of businesses. The property is part of a thriving retail environment, sharing the plaza with established tenants including Family Dollar, Subway, H&R Block, and Edward Jones. Built in 1980, the building is well-maintained and benefits from municipal utilities. The property's C3-General Business zoning allows for a wide range of commercial uses. Dowagiac's strategic location in southwest Michigan, near the Indiana border and conveniently situated between I-94 to the north and the I-80/90 Indiana Toll Road to the south, provides excellent access to regional and interstate commerce. As part of the South Bend Metropolitan Statistical Area (MSA), this location offers easy access to several major Midwest commerce centers, ensuring high visibility and strong potential for customer traffic. This is a rare opportunity to establish a business in a well-established and highly visible retail center. Contact us today to learn more about leasing opportunities.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 2.41 ac (104,980 SF)
APN 14-160-100-774-30
UPID US43-2632389

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
  • Tax Preparation
  • Nail Salon
  • Tax Department
  • Take-out & Catering Catering Service
  • Discount Store

Location

901 Spruce St Dowagiac, MI 49047-1664
Dowagiac metro Census 2201 SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2015
1 recorded transaction
2015
Price N/A

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
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