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$ 2,295,000
Est. payment | /mo
9,948 SqFt
$ 2,295,000
Est. payment | /mo
9,948 SqFt
Key Details
Property Type Commercial
Sub Type RealEstateOnly
Listing Status Active
Purchase Type For Sale
Square Footage 9,948 sqft
Price per Sqft $230
MLS Listing ID 61050200891
Year Built 1990
Lot Size 0.990 Acres
Acres 0.99
Property Sub-Type RealEstateOnly
Property Description
Located in the heart of Midland, this is an incredible investment opportunity with immediate cash flow, strong upside, and highly motivated sellers willing to offer a deal they otherwise wouldn't due to their desire to scale after Shark Tank. This fully leased building offers just under 10,000 SF with a secured 3-year tenant in place, providing stability and dependable income from day one. Positioned at around an 8% cap rate, this property presents a rare opportunity for investors seeking strong returns and long-term value-including an estimated $500,000 return on investment within the first three years. Since 2019, the building has undergone over $750,000 in improvements, including full LED lighting upgrades, fiber internet infrastructure, white high-grade epoxy flooring, rubber composite stair flooring, a modernized reception area with electronic displays, a renovated 1,500 SF premium suite, updated shared kitchen and café-style common areas, resurfaced parking lot, upgraded gutter and waterproofing systems, stylish exterior lighting, and an elevator brought fully to code with a hands-free emergency phone. The flexible layout is ideal for office, medical, or creative professional use, making it a standout asset for investors looking for immediate performance and future appreciation. Sale includes real estate only-no business attached.
Location
State MI
County Midland
Area Area56122Midland
Interior
Heating Forced Air, Natural Gas
Cooling Central Air, Other
Fireplace No
Exterior
Parking Features Other
Utilities Available NaturalGasConnected
View Y/N No
Roof Type Rubber
Building
Lot Description Sprinklers
Foundation Basement
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Midland
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition CorporateRelocation, ShortSaleNo
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Listed by Brooke Bickerstaff of Keller Williams Preferred