4020 Hammerberg RdFlint, MI 48507

Property Details for 4020 Hammerberg Rd

Year built

1965

Lot size

0.99 AC

Property size (Sq ft)

6,447 SF

Property type

Commercial real estate

APN

40-25-126-027

APU

4025126027

Description

This exceptional commercial property, located at 4020 Hammerberg Road in Flint, Michigan, presents a unique investment opportunity. The 6,447 square foot building is zoned for commercial use and offers a versatile layout ideal for a variety of businesses. The main office area encompasses over 3,100 square feet, providing ample space for operations and collaboration. In addition to the main area, there is an additional 1,000 square feet of office space on the main level. Further expanding the usable space, a 3,100 square foot basement and a 1,000 square foot crawlspace offer significant storage or expansion potential. The property features a newer pitch roof, ensuring long-term durability and reduced maintenance costs. Conveniently located in Genesee County, with a 48507 zip code, the building also boasts a large parking area, providing ample space for employees and clients. This property is priced at $199,000, translating to $30.87 per square foot. Its adaptable design makes it suitable for executive offices, medical practices, or creative studios. The property's size, location, and features make it an attractive option for businesses seeking a substantial and well-maintained space in Flint, Michigan. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,250,800

  6.5%

  $1,154,590

  7%

  $1,072,120

• Comparable approach

  Method

  Valuation

  Relative Method

  $603,052

  Geo Method

  $603,052

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,243,010

  Retail / Commercial

  $1,156,100

  Mixed-Use / Specialty

  $1,156,620

  Hospitality / Lodging

  $854,622

  Office

  $1,154,590

  Institutional / Educational

  $1,204,080

  Residential Income

  $1,408,770

  Multifamily

  $1,663,860

  Automotive / Energy

  $1,032,070

  Parking / Income-Based Land

  $351,566

  Restaurant / Food Service

  $611,478

  Healthcare / Senior Housing

  $1,181,330

Location Insight

City

Flint

County

Genesee

State

Michigan

Latitude

42.9864

Longitude

-83.7039

CBSA code

22420

CBSA name

FLINT, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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