35 Wells Street, Croswell, MI 48422
35 Wells Street, Croswell, MI 48422
35 Wells Street, Croswell, MI 48422
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Alec Applebaum

Alec Applebaum

+1(248) 866-8784
$254,900
Est. payment /mo
4,000 SqFt
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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,000 sqft

Price per Sqft $63

MLS Listing ID 20251051546

Annual Tax Amount $1,609

Lot Size 0.370 Acres

Acres 0.37

Lot Dimensions 98x180

Source Realcomp

Property Description

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.

Location

State MI

County Sanilac

Zoning Commercial

Direction E of Howard, N off Wells St

Exterior

View Y/N No

Building

Foundation Slab

Water Public

Structure Type Brick,Metal Siding

Schools

School District Croswell Lexington

Others

Tax ID 31031000203200

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Listed by Realty Executives Home Towne

Nearby School & Business

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Alec Applebaum

Alec Applebaum

+1(248) 866-8784

Broker | License ID: 6502389085

Broker License ID: 6502389085

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