830 Chestnut StReed City, MI 49677

  • Commercial real estate
  • 3.20 AC
For Sale
$750,000 View listing

Property Details for 830 Chestnut St

Lot size
3.20 AC
Property type
Commercial real estate
APN
52 016 050 00
APU
5201605000

Description

This exceptional Reed City, MI property offers 33,552 square feet of versatile commercial space across three buildings, priced at $750,000 ($22.34/SF). Previously a lumber yard, this location boasts a durable metal exterior, 19-foot high ceilings, and open floor plans ideal for customization. The property includes a large, fenced-in area for secure storage and employee break rooms. Situated on S Chestnut St, it benefits from high visibility with a daily traffic count of 5,467 vehicles, making it perfect for retail, warehousing, or office use. The property's multi-functional design and prime location in Reed City's commercial core present a rare investment opportunity at a competitive price point. This adaptable space allows for flexible usage and expansion opportunities, catering to a variety of business needs. The low-maintenance metal exterior ensures move-in readiness, minimizing upfront costs. This is a compelling opportunity to acquire a well-positioned commercial property in a thriving Michigan community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $29,140,716
    Hospitality
    $26,692,740
    Educational
    $22,208,046
    Medical
    $22,971,814
    Retail
    $34,545,848

Location Insight

City
Reed City
County
Osceola
State
Michigan
Latitude
43.8655
Longitude
-85.5089

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
2022
$8,749
-
-
$210,100
-
-
-
$420,200

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