2380 PattersonShelbyville, MI 49344

  • Warehouses
  • 1,716 SF
For Sale
$375,000 View listing

Property Details for 2380 Patterson

Year built
2001
Lot size
0.24 AC
Property size (Sq ft)
1,716 SF
Property type
Warehouses
Property subtype
Self storage facilities
APN
15-500-026-00
APU
1550002600

Description

This 1,900 square foot industrial building in Shelbyville, Michigan, presents a unique investment opportunity. Located at 2380 S Patterson, the property boasts a highly desirable location within walking distance of a bank, grocery store, Gun Lake launch site, and a park. The 0.04-acre lot includes a valuable 14-foot easement providing convenient access to boat docking or direct park access, offering stunning lake views. The building's versatility allows for a range of potential uses, subject to township approval. This makes it ideal for entrepreneurs seeking a flexible space. The property is situated in Allegan County and importantly, allows for short-term rentals, expanding income potential. The asking price is $375,000, and the seller is exclusively considering all-cash offers or pre-approved financing. This prime location, combined with the building's adaptability and the added benefit of lake access, makes this an exceptional opportunity for a savvy investor. The convenience of nearby amenities further enhances its appeal. Serious inquiries only, with proof of funds readily available.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $122,874
    Hospitality
    $112,552
    Educational
    $93,642
    Medical
    $96,862
    Retail
    $145,665

Location Insight

City
Shelbyville
County
Allegan
State
Michigan
Latitude
42.5943
Longitude
-85.5483
CBSA code
26090
CBSA name
HOLLAND, MI MICROPOLITAN 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
2023
$1,327
$7,700
$27,400
$35,100
-
$15,400
$54,800
$70,200

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