6548 Greenville RdGreenville, MI 48838

  • Commercial real estate
  • 0.60 AC
For Sale
$295,000 View listing

Property Details for 6548 Greenville Rd

Lot size
0.60 AC
Zone code
SR
Property type
Commercial real estate
APN
008-004-019-00
APU
800401900

Description

This exceptional commercial property, located at 6548 S Greenville Avenue in Greenville, MI, presents a compelling investment opportunity. The 3,240 square foot building sits on a 0.59-acre lot and features two separate units, each currently leased on a month-to-month basis, offering immediate income and flexibility for future development. The property benefits from a highly visible location on a main thoroughfare, ensuring excellent exposure to potential customers and maximizing its commercial appeal. Recent upgrades significantly enhance the property's value and minimize ongoing maintenance costs. These improvements include a brand-new septic system, two new furnaces, a newly installed drain field, and a newer roof and siding. Each unit is equipped with its own bathroom, providing convenience and privacy for tenants. Furthermore, the property includes a large garage, ideal for storage, and ample parking spaces both in the front and rear of the building. This combination of prime location, updated infrastructure, and existing rental income makes this a rare and attractive investment opportunity in the thriving Greenville market. The asking price is $295,000. This property is ready for immediate occupancy and offers a strong return on investment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,859,934
    Hospitality
    $1,703,690
    Educational
    $1,417,450
    Medical
    $1,466,198
    Retail
    $2,204,922

Location Insight

City
Greenville
County
Montcalm
State
Michigan
Latitude
43.1985
Longitude
-85.2535
CBSA code
24340
CBSA name
GRAND RAPIDS-WYOMING, 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
$2,654
-
-
$58,200
-
-
-
$58,200

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