Property profile

924 Michigan Ave Paw Paw, MI 49079

OFF-MARKET
Outlet malls
Property ID
US43-2412701
8,064 SF
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 8,125-square-foot retail space presents a unique investment opportunity in Paw Paw, Van Buren County, Michigan. Previously occupied by a Dollar General, the property boasts a spacious, open showroom, a sizable back store room, and two restrooms. The building's layout is highly adaptable, making it suitable for a variety of commercial uses. Its location within a thriving commercial corridor ensures high visibility and accessibility. Situated conveniently along a major commuter route connecting Mattawan and Kalamazoo, the property benefits from significant traffic flow. Proximity to Paw Paw High School (just 1.5 miles away) further enhances its appeal. The property is zoned B-2 within the Paw Paw Village limits, allowing for a diverse range of permitted uses, including retail, wholesale, office, winery, and home improvement businesses. Furthermore, the possibility of obtaining a special use permit expands the potential uses even further, offering considerable flexibility for future development. The entire 8,125 square feet is currently vacant, providing immediate occupancy for a new tenant. This property represents a compelling opportunity for businesses seeking a well-located, adaptable space in a growing community.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Total area 8,064 SF
APN 80-41-999-020-00
UPID US43-2412701

Cap rate & NOI

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

Location

924 Michigan Ave Paw Paw, MI 49079-1277
Paw Paw metro Census 11900 KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$345k

Owner & transaction history

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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