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    FOR SALE
    Commercial real estate

    9405 Butternut St, New Lothrop, MI 48460

    0.47 ac lot
    Individually Owned 2-yr Hold Free & Clear
    Property ID
    US43-3440092
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • McGeehan Funeral Homes, New Lothrop Chapel Social Service Agency
    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
    Tyler J Mcgeehan · 2 yrs held
    Tyler J Mcgeehan
    since 2024
    Last sale
    $157,000
    4 recorded transactions
    2024
    2019
    $157,000
    2015
    $80,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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