8766 Lewis AveTemperance, MI 48182

Property Details for 8766 Lewis Ave

Lot size

0.27 AC

Property size (Sq ft)

1,482 SF

Property type

Office properties

Property subtype

Office buildings

APN

02-023-041-00

APU

202304100

Description

This vacant, 1,664-square-foot Class B office building in Temperance, Michigan, presents a unique owner-user opportunity. Located at 8766 Lewis Ave, this two-story property sits on a 0.3-acre lot and is zoned for commercial use (Parcel Number: 02 023 041 0). Previously used as a chiropractic office, the building features three upstairs offices, two exam rooms, and three ADA-accessible restrooms. A full basement provides ample storage space. The interior boasts beautiful hardwood floors, while updated electrical and plumbing systems, along with newer mechanicals, ensure modern functionality. Exterior amenities include asphalt parking with a handicap-accessible ramp. Renovated in 2015, this versatile space is ideal for a variety of office uses, including creative, medical, or traditional office settings. Seller financing is available. The asking price is $199,900, translating to $120.13 per square foot. The property is also available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $253,701

  6.5%

  $234,185

  7%

  $217,458

• Comparable approach

  Method

  Valuation

  Relative Method

  $138,626

  Geo Method

  $138,626

• Alternative Use

  Use

  Valuation

  Residential

  $290,390

  Hospitality

  $265,995

  Educational

  $221,305

  Medical

  $228,916

  Retail

  $344,252

Location Insight

City

Temperance

County

Monroe

State

Michigan

Latitude

41.7755

Longitude

-83.5683

CBSA code

33780

CBSA name

MONROE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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