Address
314 Eastman Avenue, Midland, MI
Price
$ 845,000
Property Attributes
- MLS#50214652
- TypeCommercial
- Listing Status Active
- CountyMIDLAND
- CityMidland
- AreaMidland
- NeighborhoodMidland
- Zip48460
- StyleCommercial/Industrial
- Year Built1906
- Price$ 845,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6710
- Lot Size0.46 Acres
Data Source:
Midland Michigan MLS (MBOR)
Property Description
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. 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 BROKER for additional details. Thank you!
| Price History | |
|---|---|
| 7/13/2026 | Listed $845,000 |
General Features
| Water | Public Water |
|---|---|
| Status | Active |
| Year Built | 1906 |
| County | Midland |
| Class | COM/IND/BUS OPP |
| Type | Commercial/Industrial |
| Ownership | LLC |
| Status | Active |
| Subdivision | MI |
| Sale/Rent | For Sale |
| Commercial Features | Additional Bldg(s),Living Quarters |
| Subj to Short Sale Apprvl | No |
| Area | Midland (56020) |
| Primary City | Midland |
| Listing Office | 71117 |
| City | Midland |
| Lease Y/N | No |
| Originating MLS | Midland Board of REALTORS |
| Source MLS | MI Real Source |
| Financial Terms | Cash,Commercial Loan,Conventional |
| Agent First Name | Gretchen |
| Agent Last Name | Witherspoon |
| DOM | 68 |
| Postal Code | 48640 |
| BUSINESS TYPE | Apartment Bldg,Office,Residential |
| Listing Agent | 510566 |
Interior Features
| Basement Y/N | No |
|---|---|
| Ceiling Height | Less than 16 Ft. |
| Fuel Type | Natural Gas |
Exterior Features
| Flood Plan | Unknown |
|---|---|
| Lot Size Area | 0.46 |
| Lot Dimensions | 65' X 80' |
| SEWER SEPTIC | Public Sanitary |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 48460
Price
Year Built
Visits
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The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary
Bay County REALTOR® Association All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
Midland Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
