885 8th Street

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885 8th Street

Baldwin, MI 49304
Asking Price
Contact for price
Asset Type
Traditional Office Office
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Traditional office building spanning 3,464 square feet of space.
  • Located at 885 8th Street within the city of Baldwin.
  • Suitable for professional services firms or regional administrative headquarters.
  • Property sits in a key commercial area of Lake County.
  • Available for acquisition as a standalone office asset.

What's Special

Professional services firms seeking a centralized administrative base will find this 3,464-square-foot traditional office building at 885 8th Street a functional choice for daily operations. The structure provides a dedicated workspace environment well-suited for legal practices, insurance agencies, or local consulting groups needing established physical presence in Baldwin. Situated within the 49304 zip code, the property benefits from the regional character of Lake County, which serves as a hub for both local government functions and smaller-scale commerce. Businesses operating here gain direct access to the surrounding infrastructure of Northern Michigan. The layout accommodates standard office configurations, allowing for a mix of individual workstations and collaborative meeting areas. This asset functions as a straightforward solution for companies looking to secure an owned facility in a growing regional market. Prospective buyers can utilize the footprint for a variety of administrative or corporate headquarters needs while maintaining proximity to the community center.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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