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..
For sale
$845,000
314 Eastman Ave, Midland, MI 48640
10beds
6,710sqft
Single Family Residence, 1 to 4 Units, Apartment, Investment
Built in 1960
-- sqft lot
$-- Zestimate®
$126/sqft
$-- HOA
What's special
- 97 days
- 159
- 4
Zillow last checked:
Listing updated:
Listed by:
Gretchen Witherspoon,
Trademark Commercial Group 989-792-6400
Source: MIDMLS,MLS#: 50217428
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
| Date | Event | Price |
|---|---|---|
| 8/5/2026 | Listed for sale | $845,000+227.5%$126/sqft |
Source: | ||
| 2/2/2024 | Listing removed | $258,000$38/sqft |
Source: | ||
| 12/23/2023 | Listed for sale | $258,000-3.4%$38/sqft |
Source: | ||
| 6/5/2022 | Listing removed | $267,000$40/sqft |
Source: | ||
| 5/25/2022 | Listed for sale | $267,000$40/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2020 | -- | -- |
| 2019 | -- | -- |
| 2018 | -- | $800 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 48640
Nearby schools
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.





