11201 Michigan AveYoungtown, AZ 85363

Property Details for 11201 Michigan Ave

Year built

1969

Construction

CONCRETE

Lot size

0.18 AC

Property size (Sq ft)

3,665 SF

Zone code

C-C

Property type

Retail properties

Property subtype

Retail space

APN

200-85-249B

APU

20085249B

Description

This exceptional freestanding commercial building, located at 11201 W Michigan Avenue in Youngtown, Arizona, presents a unique opportunity for owner-occupants or investors. Boasting over 3600 square feet on a 0.18-acre lot, the building offers remarkable flexibility. The interior features several rooms with non-bearing walls, allowing for easy reconfiguration to suit diverse business needs. Two restrooms and ample storage space cater to various operational requirements. The open workspaces provide a versatile layout adaptable to retail, office, or service-based businesses. The building's prime location on Michigan Avenue ensures high visibility, enhanced by showcase windows along the street elevation and a large monument sign visible from multiple directions. Convenient parking is available at the front, side, and rear of the building. Double doors at the rear provide additional access and loading capabilities. The substantial space is well-suited for displaying merchandise or equipment, as evidenced by the current hardware resale business operating within. The property is being offered for sale "AS-IS" at $790,000. This presents a compelling opportunity to acquire a well-situated, adaptable commercial space in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,290,743

  6.5%

  $1,191,455

  7%

  $1,106,352

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,423,699

  Geo Method

  $1,423,699

• Alternative Use

  Use

  Valuation

  Residential

  $1,005,037

  Hospitality

  $920,609

  Educational

  $765,936

  Medical

  $792,277

  Retail

  $1,191,455

Location Insight

City

Youngtown

County

Maricopa

State

Arizona

Latitude

33.604

Longitude

-112.301

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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