High-Yield Single-Tenant Investment OpportunityThis is a single-tenant commercial investment property offered for sale. The approximately 4,000-square-foot building is secured by a new three-year lease generating $3,000 per month in gross rental income.The lease provides an attractive, low-management expense structure. The landlord is responsible only for property taxes and building insurance, while the tenant pays all utilities and handles lawn maintenance and snow removal. Based on current reported expenses, the property generates an estimated net operating income of $30,637 and an estimated 12.01% capitalization rate.The solid block building offers a flexible commercial layout suitable for retail, office, light industrial, processing, storage, workshop, showroom, or warehouse uses. Existing improvements include three built-out rooms, an approximately 40-by-35-foot open area, three 200-amp electrical panels, two five-ton mini-split HVAC units, and one standard five-ton air-conditioning unit. Existing equipment is included in the sale.This offering provides investors with immediate cash flow, a strong going-in return, limited landlord operating responsibilities, and a versatile commercial asset with future reuse potential.
Listed By
Agency Name: Realty Executives Home Towne
Agency Phone: 5867264600
Shown By
Agency Title: Griffith Realty
Agency Phone: 810-227-1016
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35 Wells Street | MLS# 20251051546
This commercial property located at 35 Wells Street, Croswell, Mi 48422 is currently listed for sale with an asking price of $254,900. Wells Street is located within the CroswellLexington school district. Search Croswell real estate on www.griffithrealty.com today.