130 Paw Paw StLawrence, MI 49064

Property Details for 130 Paw Paw St

Year built

1900

Lot size

0.10 AC

Property size (Sq ft)

2,523 SF

Zone code

VILLAGE

Property type

Grocery and convenience stores

APN

80-44-107-006-00

APU

804410700600

Description

This historically remodeled 2,523 square foot industrial building in downtown Lawrence, Michigan, presents a unique investment opportunity. The main level offers 1,450 square feet of retail space, ideal for a variety of businesses. Key features include a walk-in cooler, central air conditioning, ample off-street parking, and large windows providing excellent natural light. The building's strategic downtown location ensures high visibility and accessibility. The purchase price includes a completely remodeled upper level, currently generating income as a two-bedroom apartment with an existing tenant. This provides a significant advantage, offering both commercial and residential income streams. The 0.1-acre lot provides sufficient space for the building and parking. This property is perfect for an owner-operator seeking a blend of commercial and residential income or an investor looking for a strong return on investment in a thriving downtown area. The combination of a well-maintained commercial space and a consistently rented apartment makes this a truly attractive proposition. The building's historical charm combined with modern updates creates a unique and desirable property. Don't miss this chance to acquire a versatile and income-producing asset in a desirable Michigan location. The property is priced competitively at $165,000.

• CAP approach

  CAP return

  Valuation

  6%

  $476,012

  6.5%

  $439,396

  7%

  $408,010

• Comparable approach

  Method

  Valuation

  Relative Method

  $828,124

  Geo Method

  $828,124

• Alternative Use

  Use

  Valuation

  Residential

  $370,647

  Hospitality

  $339,510

  Educational

  $282,469

  Medical

  $292,183

  Retail

  $439,396

Location Insight

City

Lawrence

County

Van Buren

State

Michigan

Latitude

42.2199

Longitude

-86.051

CBSA code

28020

CBSA name

KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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