902 E Ashman Street Midland, MI ^$ 799,000

902 E Ashman Street

^$ 799,000

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902 E Ashman Street

Midland, MI, 48642

^$ 799,000

Bedrooms-- Baths-- Sq 8,006

Monthly Estimate*

^$ 4,985

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Commercial Property for sale in Midland, MI

for $799,000. This 8,006 square foot building was built on a lot size of 0.34.

OWN THE BLOCK ON ASHMAN! An exceptional investment opportunity in Midland, Michigan! This high-performing, mixed-use complex features a diverse and stable income stream across 14 residential units, 4 commercial spaces and an additional detached single family house all situated on a strategically located parcel in the heart of the City near downtown, schools, and shopping. The entire portfolio has professional property management in place with several of the units recently upgraded by current ownership in 2025 (see 2025 YTD P&L for details). The portfolio is at or near full occupancy with a 2026 pro forma net operating income projected at over $70,000+ and an estimated 8.76% cap rate. Also potentially available is 906 Ashman adjacent to the building. Buyer may tour any vacant units prior to offer acceptance and may then tour the entire building during due diligence.

Commercial Active

Price

^$ 799,000

Property Type

Commercial

Taxes

^$ 12,394

Style

Commercial/Industrial

Lot Size

0.34

Town/City

Midland

County/Region

Midland

MLS | Web ID

50195472

Features

General

Water Public Water

Status Active Active

Year Built 9999

Parking 11-20 Spaces

County Midland

Class COM/IND/BUS OPP

Type Commercial/Industrial

Ownership Private

Municipality Midland

Zoning Commercial

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Midland (56020)

Primary City Midland

Location Corner Lot

Directions Washington Street to E Ashman Street

City Midland

Financial Terms Cash Conventional

Legal Description BEG 40 FT E & 33 FT S OF N 1/4 POST OF SEC 15. TH S 250 FT E 59 FT N 250 FT W 59 FT TO BEG. Split on 08/01/2025 with 14-15-10-156 into 14-15-10-158 14-15-10-160 14-15-10-162;

DOM 0

Postal Code 48642

Price Per Sq Ft Total AG 99.8

Public Remarks OWN THE BLOCK ON ASHMAN! An exceptional investment opportunity in Midland Michigan! This high-performing mixed-use complex features a diverse and stable income stream across 14 residential units

Exterior

Lot Size Area 0.34

Lot Dimensions Irregular

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Logan Richetti

Listing Agent

Modern Realty

Broker

logan@modernrealty.us

Affordability Calculator

$6,018

Per Month

Monthly Principal & Interest: $4,985
Monthly Property Taxes: $1,033
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% 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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THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Commerical listings in Midland, MI

Average List Price ^$337,388

Percent of Sale Price 58%

About Midland, MI

42,264 Population

-1% Since 2002

^$57,932 Median Income

38.86 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/3/2025	$799,000		Listed Price

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902 E Ashman Street, Midland, MI, 48642 is a Commercial Property for sale at $799,000 with 8,006 sqft and a lot size of 0.34. The property's zip code is 48642 which is in Midland, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% 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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902 E Ashman Street

Commercial Property for sale in Midland, MI

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