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    OFF-MARKET
    Commercial real estate

    9053 Helena Rd, Alden, MI 49612-5106

    Individually Owned 8-yr Hold Free & Clear
    Property ID
    US43-3515648
    Property summary
    AI-generated overview

    This exceptional 2,704 square foot industrial building, situated on a 0.12-acre lot in the heart of Alden, Michigan, presents a unique investment opportunity. Located just two blocks from Torch Lake, this property boasts an irreplaceable location within a thriving downtown area. Currently configured as a retail store, the building's adaptability allows for a variety of commercial uses. Recent upgrades include a fresh coat of paint, a new HVAC system, updated electrical wiring, and a comprehensive security camera system. A well point is also in place. The main level, encompassing 1,692 heated and cooled square feet, showcases gorgeous original hardwood floors, complemented by beadboard and shiplap walls and ceilings, preserving the building's authentic charm. Some display cabinets and a u-shaped counter will remain with the sale. An additional 1,012 square feet of unfinished space on the upper level offers significant expansion potential. The existing HVAC system is capable of easily extending heating to this area. This property offers a rare chance to acquire a piece of Alden's history while capitalizing on its prime location and versatile layout. The combination of historic character and modern updates makes this a truly exceptional offering. The asking price is $499,000.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 05-08-028-019-00
    UPID US43-3515648
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Grace Of Alden Home Decor Store (Bike/Boat/Book/etc) Store
    • Alden Store Co (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Aaron R Draper · 8 yrs held
    Aaron R Draper
    since 2018
    1 recorded transaction
    2018
    $180,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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