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1223 E Caro Rd
Caro, MI 48723
Caro Building 1 · Retail Property For Sale
Investment Highlights
- Freestanding retail building positioned on a high-visibility corridor in Caro, surrounded by established national retailers and local businesses.
- Currently vacant, providing immediate occupancy or redevelopment opportunities for owner-users or investors.
- Optional business acquisition opportunity available with the property, allowing for continued use or conversion to alternative concepts.
- Included in a two-building portfolio that must be purchased together, offering buyers an expanded operational or investment footprint.
- Positioned within a designated Opportunity Zone, which may provide federal tax incentives for qualifying investments.
- Located near the intersection of M-24 and M-81, benefiting from strong traffic counts and convenient regional access.
Executive Summary
Freestanding commercial building located in (Caro, MI), positioned on a busy main road in a growing area near major retailers. This building offers approximately 2,264 square feet of space and is part of a two-building package deal—both buildings must be purchased together and will not be sold separately. Currently vacant, the property presents strong visibility and great potential with its prime location. A smoke shop business is available with the building if desired, though not required; if the buyer wishes to keep the business, the inventory must be purchased separately. This is a solid opportunity for business owners, investors, or franchise developers looking to establish a presence in an expanding commercial zone.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
2,264 SF
Building Class
C
Year Built
1950
Price
$209,830 CAD
Price Per SF
$92.68 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial Zoned District
Parking
10 Spaces (4.42 Spaces per 1,000 SF Leased)
Frontage
186’ on East Caro Road
Amenities
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 050-035-101-0800-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $53,717 CAD |
Property Taxes
Parcel Number
050-035-101-0800-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$53,717 CAD
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