8782 Gull RdRichland, MI 49083

For Sale
$345,000 View listing
  • Commercial real estate
  • 2,415 SF

Property Details for 8782 Gull Rd

Lot size
2.50 AC
Property size (Sq ft)
2,415 SF
Property type
Commercial real estate
APN
03-22-226-201
APU
322226201

Description

This exceptional 1,840 square foot industrial property, situated on a spacious 2.5-acre lot in the Village of Richland, Michigan, presents a unique investment opportunity. The main floor offers ample space, previously configured as an office, ideal for a variety of businesses, particularly those requiring a high-visibility location. Its previous use as an office suggests suitability for professional services, such as an insurance agency. Adding to its appeal is a separate, income-generating 2-bedroom, 1-bathroom apartment on the upper level, complete with its own private entrance. This provides a significant additional revenue stream for the property owner. The property also includes a convenient 2-stall garage, offering ample storage and parking for both the business and apartment occupants. Extensive additional parking is available on the expansive lot. A pole barn on the property is available for long-term lease, offering further potential for income generation or expansion of the existing business. This property's combination of commercial space, residential rental unit, and additional outbuilding makes it a truly versatile and attractive investment opportunity in a desirable location. The property's location in the Village of Richland ensures easy access to local amenities and transportation routes. Serious inquiries are encouraged to explore the possibilities of this multifaceted property. Contact us to discuss the long-term lease options for the pole barn.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $416,548
    Hospitality
    $381,556
    Educational
    $317,450
    Medical
    $328,368
    Retail
    $493,811
8782 Gull Rd, Richland, Michigan

Location Insight

City
Richland
County
Kalamazoo
State
Michigan
Latitude
42.3729
Longitude
-85.4585
CBSA code
28020
CBSA name
KALAMAZOO-PORTAGE, 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
2019
$4,522
-
-
$114,200
-
-
-
$228,400

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