305 Michigan AveAugusta, MI 49012

Property Details for 305 Michigan Ave

Lot size

0.50 AC

Zone code

VILLAGE

Property type

Commercial real estate

APN

04-34-380-110

APU

434380110

Description

This exceptional business opportunity is located at 305 E Michigan Avenue in the vibrant Augusta Village, nestled between Kalamazoo and Battle Creek, Michigan. The property boasts a strategic position on a major roadway connecting these two significant cities, ensuring high visibility and accessibility. The building itself offers 1,152 square feet of space situated on a half-acre lot. Previously utilized as an automotive repair shop, the existing structure includes a single bathroom and a small office space at the front. This presents a unique chance for a variety of business ventures. The building's layout offers flexibility for adaptation and customization to suit diverse needs. The property's prime location and existing infrastructure provide a solid foundation for a thriving business. This is a rare opportunity, as this is the first time the property has been listed on the market. The potential for redevelopment is significant, making this an attractive investment for entrepreneurs seeking a high-traffic location with substantial growth potential. Don't miss this chance to establish your business in a thriving community. Schedule a showing to explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $4,041,050

  6.5%

  $3,730,200

  7%

  $3,463,760

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,836,840

  Geo Method

  $2,836,840

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,289,410

  Retail / Commercial

  $3,748,640

  Mixed-Use / Specialty

  $3,743,690

  Hospitality / Lodging

  $2,757,570

  Office

  $3,730,200

  Institutional / Educational

  $3,894,930

  Residential Income

  $4,557,070

  Multifamily

  $5,418,890

  Automotive / Energy

  $3,338,510

  Parking / Income-Based Land

  $1,143,770

  Restaurant / Food Service

  $1,965,060

  Healthcare / Senior Housing

  $3,830,460

Location Insight

City

Augusta

County

Kalamazoo

State

Michigan

Latitude

42.3359

Longitude

-85.3485

CBSA code

28020

CBSA name

KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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