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    2543 S Sherman Rd Applegate, MI 48401

    For Sale
    $89,000

    Office - Applegate, MI

    Type:Office
    Property size:
    1,400 SF
    Lot size:
    0.20 Acres
    Days on Market:
    47
    Last Refresh:
    Dec 5 at 7:06 am

    Property Features for 2543 S Sherman Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Security features
    Security Lighting
    Zoning
    Commercial
    APN
    232-200-004-006-00
    Parking features
    Parking Lot
    Interior features
    Internet Available, Pole Sign, Private Restrooms, Reception Area, Security Equipment
    Size
    1,400 SF
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1970
    Building materials
    Brick, Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other

    Coldwell Banker Premier Properties Inc. (810) 359-2000 [email protected]

    Listing agent Rita Dahmen (810) 359-2010 License #6501373365

    Listing date Oct 20, 2025

    MLS# 50189113 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

    Applegate Commercial Building with Vault

    This commercial building, formerly a bank, is zoned C 1, allowing for small-scale, local retail, office, and personal service businesses. The property is situated on a paved county road in a small town with low taxes. It features a vault, security system, and lighted parking lot, making it suitable for healthcare offices, a veterinary office, a small pharmacy/dispensary, firearm sales & repair, a pawn or coin shop, or an attorney's office. The building includes central AC (separately metered), a compact gas water heater, a water filtration system, and an extensive electrical supply box. It also has a large parking lot and a convenient drive-thru window. The property includes an extra vacant lot, offering potential for expansion. The building size is 1400 square feet and the lot size is 0.2 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Applegate
    County
    Macomb
    State
    Michigan
    Longitude
    -82.6698
    Latitude
    43.3508

    Nearby Similar for Sale

    • $89,000

      Former Bank Building For Sale

      Commercial building with vault, drive-thru, and extra lot.
      2543 S Sherman St, Applegate, MI 48401
      View Details
    • $450,000
      3,600 SF

      Applegate Farmhouse on 3+ Acres

      Country farmhouse on over 3 acres in Applegate, Michigan.
      2715 Cash Rd, Applegate, MI 48401
      View Details

    FAQs

    What type of property is this?
    Office building - Commercial building in Applegate, MI, ideal for various business uses.
    Where is this office building located?
    The property is located at 2543 S Sherman Rd Applegate, MI.
    What is the asking price?
    The asking price for this property is $89,000.
    What are key features of this property?
    This property features: - C-1 Commercial Zoning allows for a variety of business types (retail, office, service).; - Unique features include a vault, security system, and lighted parking lot.; - Large parking lot with convenient drive-thru window.
    (810) 359-2010
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    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
    2543 S Sherman Rd Applegate, MI 48401
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