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Rare Investment Opportunity: Fully-Upgraded Mixed-Use Gem
Unlock the potential of this versatile mixed-use property in the heart of Dimondale! This portfolio features two well-maintained buildings with three high-performing units, combining stable commercial retail with high-demand multi-family residential space.
Portfolio Breakdown
- 140 N Bridge (Commercial): Currently housing a newly-opened wine tasting business, this building has seen extensive infrastructure updates, including new electrical (2024), water heater (2024), and bathroom, plumbing and numerous cosmetic renovations in the last 2 years.
- 144 N Bridge (Apt 1): A spacious residential unit featuring 2 bedrooms and 1 car attached garage, recently updated with a new water heater (2025) and toilet (2024).
- 144.5 N Bridge (Apt 2): A premier residential unit featuring 3 bedrooms and a 2-car detached garage with newer roof (2024), new windows (2024), and full kitchen/bath updates in 2023
Investment Highlights
- Value-Add Potential: Current rents are below market value, providing immediate opportunity to increase ROI as leases expire.
- Turnkey Infrastructure: Over $50,000 in recent capital improvements across all units, including roofing, HVAC (water heaters), water treatment system in the residential rentals. and interior finishes, significantly reducing future CapEx.
- Superior Amenities: Unlike standard downtown lots, this property offers ample parking and dedicated green space for tenant recreation and play.
- Prime Connectivity: Centrally located with rapid access to major expressways, railways and regional commerce hubs..
High-upside investment in an ideal location!
Source: Commercial MLS, MLS#: 161f24f5-5f9f-4fdd-8ea6-3b888661e853

