Property profile

9405 Butternut St New Lothrop, MI 48460

FOR SALE
Commercial real estate
Property ID
US43-3440092
0.47 ac lot
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This 3,800 square foot office building, constructed in 1990, presents a unique opportunity for a variety of businesses. Located at 9405 Butternut Street in New Lothrop, Michigan (48460), this single-story building sits on a single lot (APN: 004-70-000-008) and offers a versatile layout ideal for various office uses. Previously used as a funeral home, the property features a large room suitable for a lobby or waiting area, multiple restrooms, and a spacious kitchen with attractive wood floors. Its convenient location offers walkability to downtown New Lothrop and easy access to M-13, providing excellent visibility and accessibility for clients and employees. The asking price for this property is $199,000. This presents a compelling investment opportunity for businesses seeking a well-maintained, spacious office space in a desirable Michigan location. The building's adaptable layout and prime location make it an excellent choice for a range of office-based businesses, including insurance agencies, financial advisors, therapy practices, and more.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.47 ac (20,473 SF)
APN 004-70-000-008
UPID US43-3440092

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
  • Social Service Agency

Location

9405 Butternut St New Lothrop, MI 48460
New Lothrop metro Census 30100 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$155k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$155k

Owner & transaction history

since 2024
Last sale
$157,000
4 recorded transactions
2024
Price N/A
2019
$157,000
2015
$80,000
1969
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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More about this property
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