35 Wells Street Croswell, MI $ 254,900
35 Wells Street
$ 254,900
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35 Wells Street

Croswell, MI, 48422
$ 254,900
Bedrooms-- Baths-- Sq 4,000

Monthly Estimate*

$ 1,761

35 Wells Street, Croswell, MI 48422 - Image 1
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35 Wells Street, Croswell, MI 48422 - Image 9
35 Wells Street, Croswell, MI 48422 - Image 10
35 Wells Street, Croswell, MI 48422 - Image 11
35 Wells Street, Croswell, MI 48422 - Image 12

Commercial Property for sale in Croswell, MI

for $254,900. This 4,000 square foot building was built on a lot size of 0.37.

High-Yield Single-Tenant Investment Opportunity This is a single-tenant commercial investment property offered for sale. The approximately 4,000-square-foot building is secured by a new three-year lease generating $3,000 per month in gross rental income. The lease provides an attractive, low-management expense structure. The landlord is responsible only for property taxes and building insurance, while the tenant pays all utilities and handles lawn maintenance and snow removal. Based on current reported expenses, the property generates an estimated net operating income of $30,637 and an estimated 12.01% capitalization rate. The solid block building offers a flexible commercial layout suitable for retail, office, light industrial, processing, storage, workshop, showroom, or warehouse uses. Existing improvements include three built-out rooms, an approximately 40-by-35-foot open area, three 200-amp electrical panels, two five-ton mini-split HVAC units, and one standard five-ton air-conditioning unit. Existing equipment is included in the sale. This offering provides investors with immediate cash flow, a strong going-in return, limited landlord operating responsibilities, and a versatile commercial asset with future reuse potential.

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Commercial Active

Price

$ 254,900

Property Type

Commercial

Taxes

$ 1,609

Style

RealEstateOnly

Lot Size

0.37

Town/City

Croswell

County/Region

Sanilac

MLS | Web ID

20251051546

Features
General
Sewer PublicSewer
Possession AtClose
Garage Spaces 0.0
Construction Materials Block Brick MetalSiding
Property Subtype RealEstateOnly
Current Use Commercial Warehouse
County Sanilac
Net Operating Income 0.0
Operating Expense 0.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name MOSS MILLS & GAIGES ADD
Garage Y/N N
Status Active
Directions E of Howard N off Wells St
City CroswellCity_Sanilac
Senior Community Y/N N
High School District CroswellLexington
Zoning Description Commercial
MLS Area Area76223Croswell
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 1609.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Vacant
Tax Assessed Value 28500
TaxOtherAnnualAssessmentAmount 869.0
Expected Active Date 2025-11-04
Legal Description LOT 32 & E 30 FT OF LOT 33 BLK 2 MOSS MILLS & GAIGES ADDN ALSO COM AT NE COR OF LOT 32 TH N 33 FT W 96 FT S 33 FT E 96 FT TO POB
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Exterior
Water Source Public
Foundation Details Slab
Spa N
Lot Dimensions 98x180
Lot Size Acres 0.37
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 4000.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 35
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* Excluded Features
List By
Maurice Khalifa

Listing Agent

Realty Executives Home Towne

Broker

(586) 615-0101

Phone

Affordability Calculator

$1,895
Per Month
93%
7%
0%
Monthly Principal & Interest
$1,761
Monthly Property Taxes
$134
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4909654 Elementary School
4909465 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/11/2026$199,900 -13.05% Price Down
2/24/2026$229,900 -8.00% Price Down
11/5/2025$249,900 Listed Price

Map


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35 Wells Street, Croswell, MI, 48422 is a Commercial Property for sale at $254,900 with 4,000 sqft and a lot size of 0.37. The property's zip code is 48422 which is in Croswell, MI