9053 Helena Rd, Alden, MI 49612-5106
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.
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Grace Of Alden Home Decor Store (Bike/Boat/Book/etc) Store
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Alden Store Co (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.