340 Grand River RdWebberville, MI 48892

Property Details for 340 Grand River Rd

Year built

1994

Lot size

0.76 AC

Property size (Sq ft)

1,401 SF

Property type

Office buildings

APN

33-43-08-11-254-020

APU

33430811254020

Description

This 1,500 square foot industrial property located at 340 W GRAND RIVER in Webberville, MI, presents a unique investment opportunity. Situated on a 0.77-acre lot, the building has undergone recent renovations and is offered at $148,999. The interior features five offices, four equipped with built-in sinks and dedicated power hookups, enhancing functionality and efficiency. Two bathrooms, one full and one half, cater to employee needs. A dedicated lab space, a spacious reception area, and a fully furnished lobby create a professional and welcoming environment. Employee amenities include an in-house laundry facility and a comfortable break room. A newly constructed parking lot provides ample parking for staff and clients. The property's strategic location benefits from the recent opening of a new restaurant next door, suggesting significant future growth potential. This turnkey business is ideal for an entrepreneur seeking to expand an existing operation or establish a new venture. The combination of modern amenities, convenient location, and high growth potential makes this an exceptional investment opportunity. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $239,834

  6.5%

  $221,386

  7%

  $205,572

• Comparable approach

  Method

  Valuation

  Relative Method

  $131,050

  Geo Method

  $131,050

• Alternative Use

  Use

  Valuation

  Residential

  $274,518

  Hospitality

  $251,457

  Educational

  $209,209

  Medical

  $216,404

  Retail

  $325,437

Location Insight

City

Webberville

County

Ingham

State

Michigan

Latitude

42.6674

Longitude

-84.1785

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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