9405 Butternut StNew Lothrop, MI 48460

  • Commercial real estate
  • 0.47 AC
For Sale
$199,000 View listing

Property Details for 9405 Butternut St

Lot size
0.47 AC
Property type
Commercial real estate
APN
004-70-000-008
APU
470000008

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,011,569
    Hospitality
    $3,674,575
    Educational
    $3,057,204
    Medical
    $3,162,346
    Retail
    $4,755,650
9405 Butternut St, New Lothrop, Michigan

Location Insight

City
New Lothrop
County
Shiawassee
State
Michigan
Latitude
43.1159
Longitude
-83.9728
CBSA code
29620
CBSA name
LANSING-EAST LANSING, MI METROPOLITAN 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
2024
$4,864
-
-
$113,500
-
-
-
$227,000

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