Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1296 Main St Melvin, MI 48454

    For Sale
    $251,900

    Multi-Family, 2 Story - Melvin, MI

    Property size:
    1,885 SF
    Lot size:
    0.55 Acres
    Days on Market:
    110
    Last Refresh:
    Dec 8 at 12:06 pm

    Property Features for 1296 Main St

    General Information

    Property type
    Residential Multi Family
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    3
    APN
    22110000001000
    Parking features
    Garage, Garage - Attached
    Appliances
    Dryer, Range, Refrigerator, Water - Softener
    Size
    1,885 SF
    Lot size
    0.55 Acres

    Utilities

    Heating system
    Baseboard

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    3
    Building materials
    Brick, Vinyl Siding
    Architectural style
    Other

    Coldwell Banker Professionals (586) 727-2741 [email protected]

    Listing agent Robert Kean (586) 727-2741 License #6506045064

    Listing date Aug 21, 2025

    MLS# 50149159 Listing URL

    Copyright © 2025 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Family Property With Post Office

    This unique two-story multi-family property is located in the heart of Melvin, Michigan. The property includes a unit leased to the US Post Office, with the USPS having been a tenant since 1930. The lease, currently at $581, will increase to $849.75 on October 1 with a new five-year term. Additionally, there are two residential apartments, one leased for $625 and another for $700, both on month-to-month contracts and below current market rates due to long-term tenants. Each apartment features two bedrooms and is in well-maintained condition. A common area includes a washer and dryer. The property also features an attached garage for storing lawn implements included with the sale, as well as a storage shed in the spacious backyard that overlooks farm fields. The current owner has invested over $40,000 in improvements, including a new roof for the back apartment and garage, an upgraded and modernized main electric panel, a new well pump and piping, new double windows in the lower apartment unit, a new refrigerator in the upstairs apartment, tuck pointing and re-grouting of the Post Office exterior brickwork, a new 50-gallon water heater, a new toilet and commercial-grade flooring for the Post Office, a new 30-foot commercial flagpole, and a new modern closed-system gas boiler unit. The building, one of the original structures in town, is located across from the Melvin "hogtown" Tavern. The property has a living area of 1885 square feet and sits on a 0.55-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    United States Postal ... Post Office

    Suggested Use

    Restaurant Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Melvin
    County
    Sanilac
    State
    Michigan
    Longitude
    -82.864936
    Latitude
    43.186699

    Nearby Similar for Sale

    • $379,900
      2,300 SF

      Updated Farmhouse on 23 Acres

      Updated farmhouse on 23 acres with outbuildings and wooded acreage.
      8060 Brockway Rd, Melvin, MI 48454
      View Details

    FAQs

    What type of property is this?
    Triplex - Unique investment property featuring a post office and two apartments.
    Where is this triplex located?
    The property is located at 1296 Main St Melvin, MI.
    What is the asking price?
    The asking price for this property is $251,900.
    What are key features of this property?
    This property features: - Guaranteed income from a long-term USPS lease (94 years of continuous service) with a scheduled rent increase to $849.75 on Oct 1st.; - Two additional residential apartment units provide supplementary income ($625 and $700 per month).; - Significant recent improvements (over $40k) including a new roof, electric panel, well pump, windows, water heater, boiler, flooring, and flag pole.
    (586) 727-2741
    Request Owner's contact information
    1296 Main St Melvin, MI 48454
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1296 Main St
    Melvin, MI 48454
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1296 Main St Melvin, MI 48454
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.