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For sale
  • $845,000

    314 Eastman Ave, Midland, MI 48640

    10beds
    6,710sqft
    : 
    $6,378/mo
    Get pre-qualified
    Single Family Residence, 1 to 4 Units, Apartment, Investment
    Built in 1960
    -- sqft lot
    $-- Zestimate®
    $126/sqft
    $-- HOA

    What's special

    PACKAGE OF (4) LEASED INVESTMENT PROPERTIES NOW REDUCED!! $845,000 7.5% CAP RATE! FOR SALE: (4) LEASED MULTIFAM/COMMERCIAL INVESTMENT PROPERTIES! CALL BROKER FOR ALL THE DETAILS AND FOR THE MARKETING BROCHURE. PLEASE DO NOT APPROACH TENANTS! There are (4) addresses for this package sale. All properties to be sold together- no separate sales! 314 Eastman- Zoning Office Service (office on street level- apartment upper level, 507 W. Buttles (RES Duplex but currently used as a single fam residence- Zoning Office Service), 501 W. Buttles (RES Duplex but currently used as single fam residence- Zoning Office Service), 421 W. Buttles (RES Duplex- used as Single fam home- Zoning Office Service). All are currently leased! Keep the revenue of the leases while you wait for redevelopment opportunities in Downtown Midland- Great location!! Highly visible Investment as you travel down M-20 (BUTTLES) to the downtown area where the Dow Diamond is located, East End, several offices, retail and multiple restaurants, including the ZINC CAFE and the H Hotel, upscale dining and accommodations which is just around the corner from this Investment. Note on the opposite end of the street where Buttles and Jerome meet there is a very popular gas station- see additional details for potential redevelopment of the downtown area. NOTE: Information provided herein to be verified as the listing consists of 4 properties and therefore some info won't be accurate because this listing is asking for 1 property details, not 4. INVESTORS: CAP RATE IS 7.5% Great location! Well maintained! All are leased now, they all have been consistently leased through the many, many years the owners have had the properties. Upside potentials, Call Trademark Commercial at 989-792-6400 for additional details..
    98 days
    159
    4

    Zillow last checked:

    Listing updated:

    Listed by:

    Gretchen Witherspoon,

    Trademark Commercial Group 989-792-6400

    Source: MIDMLS,MLS#: 50217428MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 10
      • Bathrooms: 7
      • Full bathrooms: 5
      • 1/2 bathrooms: 2
      Bedroom
      • Level: Main
      • Area: 100
      • Dimensions: 10 x 10
      Bedroom 1
      • Level: Main
      • Area: 100
      • Dimensions: 10 x 10
      Bedroom 2
      • Level: Main
      • Area: 100
      • Dimensions: 10 x 10
      Bedroom 3
      • Level: Main
      • Area: 100
      • Dimensions: 10 x 10
      Bedroom 4
      • Level: Main
      • Area: 100
      • Dimensions: 10 x 10
      Bedroom 5
      • Level: Main
      • Area: 100
      • Dimensions: 10 x 10
      Bathroom 1
      • Level: Main
      Bathroom 2
      • Level: Main
      Bathroom 3
      • Level: Main
      Bathroom 4
      • Level: Main
      Bathroom 5
      • Level: Main
      Heating
      • Natural Gas, Forced Air
      Features
      • Has basement: Yes
      • Has fireplace: No
      Interior area
      • Total structure area: 67,101,000
      • Total interior livable area: 6,710 sqft
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 1
      • Parking features: Detached
      • Garage spaces: 1
      Features
      • Levels: One and One Half
      • Stories: 1
      • Frontage type: Road
      • Frontage length: 100
      Lot
      • Size: 0.46 Acres
      • Dimensions: 60' x 80'
      Details
      • Parcel number: 141660700
      • Zoning description: Commercial,Mixed Use,Multi-Family,Residential,Office

      Construction

      Type & style
      • Home type: Apartment
      • Architectural style: Other
      • Property subtype: Single Family Residence, 1 to 4 Units, Apartment, Investment
      Materials
      • Other, Vinyl Siding
      • Foundation: Basement
      Condition
      • Year built: 1960

      Utilities & green energy

      • Sewer: Public Sanitary
      • Water: Public

      Community & HOA

      Community
      • Subdivision: UNK
      HOA
      • Has HOA: No
      Location
      • Region: Midland

      Financial & listing details

      • Price per square foot: $126/sqft
      • Tax assessed value: $800
      • Annual tax amount: $3,000
      • Price range: $845K - $845K
      • Date on market: 8/5/2026
      • Cumulative days on market: 98 days
      • Listing terms: Cash,Conventional
      • Ownership: LLC
      • Lease term: Lease Term 1-2 Years

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/5/2026Listed for sale$845,000+227.5%$126/sqft
        Source: MIDMLS #50217428 Report a problem
        2/2/2024Listing removed$258,000$38/sqft
        Source: MIDMLS #50075690 Report a problem
        12/23/2023Listed for sale$258,000-3.4%$38/sqft
        Source: MIDMLS #50075690 Report a problem
        6/5/2022Listing removed$267,000$40/sqft
        Source: MIDMLS #50075690 Report a problem
        5/25/2022Listed for sale$267,000$40/sqft
        Source: MIDMLS #50075690 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2020-- --
        2019-- --
        2018-- $800
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 48640

        Getting around

        73 / 100
        Very Walkable
        80 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Midland Public Schools

        Source: MIDMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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