9938 Honor Hwy Honor, MI 49640-9617
Property profile & analytics
9938 Honor Hwy Honor, MI 49640-9617
- Commercial real estate
- 3.69 lot acres
Property ID
US43-2992776
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Shirley's Countryside Salon / Hair Salon / Nail Salon
- North Bay Kitchen & Bath / Hardware & Home Improvement / Kitchen & Bath Showroom
Property Details for 9938 Honor Hwy
- Year built
- 1991
- Lot size
- 3.69 lot acres
- Property type
- Commercial real estate
- APN
- 02-107-008-10
- APU
- 210700810
Description
This exceptional 6,000 square foot commercial property, located at 9938 Honor Highway in Honor, Michigan (49640), presents a lucrative investment opportunity. Situated on a 1.22-acre lot, this well-maintained building boasts a prime location on US 31, between Beulah and Honor, ensuring high visibility and accessibility. Built in 1991, the property features a multi-tenant configuration with three separate units currently fully occupied, offering immediate cash flow. The building is zoned for commercial use and includes 20 parking spaces. Unit sizes vary, with one tenant occupying 1200 square feet, another occupying 1200 square feet, and a third occupying 3600 square feet. The current annual rent for two of the tenants totals $28,500. Each unit benefits from individual climate control (separate A/C and heat) and electric meters. The building is well-lit and in excellent condition, featuring bathrooms in all units. The property also includes an irrigated lawn, offering additional space for parking or potential expansion. The asking price is $550,000, representing a price per square foot of $91.67. The lease type is gross, with a remaining lease term of one year. This property is an ideal investment for those seeking a stable, multi-tenant income stream in a desirable location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Honor
- County
- Benzie
- State
- Michigan
- Longitude
- -86.0398
- Latitude
- 44.6686
- CBSA code
- 45900
- CBSA name
- TRAVERSE CITY, MI MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$0.00
$0.00
$260,200
-
$0.00
$0.00
$520,400
