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In-PersonVirtual Tour
$254,900
Est. payment /mo
4,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $63
MLS Listing ID 20251051546
Annual Tax Amount $1,609
Lot Size 0.370 Acres
Acres 0.37
Lot Dimensions 98x180
Source Realcomp
Property Description
High-Yield Single-Tenant Investment OpportunityThis is a single-tenant commercial investment property offered for sale. The approximately 4,000-square-foot building is secured by a new three-year lease generating $3,000 per month in gross rental income.The lease provides an attractive, low-management expense structure. The landlord is responsible only for property taxes and building insurance, while the tenant pays all utilities and handles lawn maintenance and snow removal. Based on current reported expenses, the property generates an estimated net operating income of $30,637 and an estimated 12.01% capitalization rate.The solid block building offers a flexible commercial layout suitable for retail, office, light industrial, processing, storage, workshop, showroom, or warehouse uses. Existing improvements include three built-out rooms, an approximately 40-by-35-foot open area, three 200-amp electrical panels, two five-ton mini-split HVAC units, and one standard five-ton air-conditioning unit. Existing equipment is included in the sale.This offering provides investors with immediate cash flow, a strong going-in return, limited landlord operating responsibilities, and a versatile commercial asset with future reuse potential.
Location
State MI
County Sanilac
Zoning Commercial
Direction E of Howard, N off Wells St
Exterior
View Y/N No
Building
Foundation Slab
Water Public
Structure Type Brick,Metal Siding
Schools
School District Croswell Lexington
Others
Tax ID 31031000203200
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Listed by Realty Executives Home Towne
Nearby School & Business
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Nick Schweihofer
Team Leader, Broker License ID: 6506047709
Team Leader, Broker License ID: 6506047709
REVIEWS
- Nick did an awesome job in helping us find and purchase our condo. He listened to our wants and identified options and in the end we found a good fit for our needs for a vacation home Since we are far from Holland Nick set up a couple video tours to reduce travel. Thanks Nick for all the hard work and insight. We are very excited about our new home!Gordon L
- Nick was awesome to work with! I just went through the process of purchasing my first home and Nick couldn’t have made it any easier. He is super knowledgeable about the industry and the area. He answered all my questions and made sure to point out things I may not be thinking of since it was my first time going through the process. He was attentive, super responsive, easy to talk to, and truly cares about finding his clients a home they’ll love! I’m looking forward to working with him again in the future and would definitely recommend him as an agent!Emily Rzeszutko
- Nick was amazing to work with! This was my first time buying a house. Nick was very patient and took the time to walk me through everything and address all my questions. He was always quick to respond. He was clearly knowledgeable about the area and was great at pointing out and educating me on issues to watch for as we walked through houses. I absolutely recommend Nick to anyone buying or selling a home, and look forward to working with him again in the future!Kayla Kocal
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