Restaurant Building with
New
For Sale
$50,000
103 W State St, Montrose, MI 48457
Corner-lot commercial space includes a kitchen and open interior awaiting renovation.
Property Size1,500 SF
Days on Market7
Property Features for 103 W State St
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Property Condition
Severity
Major
Evidence
in need of a full renovation
Taxes and HOA fees
Annual Taxes
$3,813
Building Details
Building Size
1,500 SF
Year Built
1801
Listing Agency:
(810) 836-9110
Listed By:
Nicole Rumbold
(810) 836-9110
Source:
Elliman
Added: Aug 14
Changed: Aug 17
Last Checked: Aug 20 at 11:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nicole Rumbold
Investment Insights
Based on property information with market context.
This conventional restaurant property is positioned for a full renovation. The building includes an existing kitchen and an open floor plan that can be finished for restaurant use. An upper level is also identified for conversion into banquet or additional dining space.
The property is located at 103 W State St in Montrose, Michigan, on a corner lot. The site is described as having substantial traffic for business purposes. Walk Score is 41, categorized as Car-Dependent, while Bike Score is 40, categorized as Somewhat Bikeable. The building dates to 1801 and requires comprehensive renovation.
The property is located at 103 W State St in Montrose, Michigan, on a corner lot. The site is described as having substantial traffic for business purposes. Walk Score is 41, categorized as Car-Dependent, while Bike Score is 40, categorized as Somewhat Bikeable. The building dates to 1801 and requires comprehensive renovation.
Key Highlights
- Conventional restaurant property requiring a full renovation
- Existing kitchen and open floor plan
- Upper level identified for banquet or additional dining space
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
39k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 34%
McDonald's
Dining
17,622 visits/mo
0.3 miles
Mobil
Shops & Services
7,506 visits/mo
0.1 miles
Taco Bell
Dining
5,991 visits/mo
0.3 miles
Sunoco
Shops & Services
4,163 visits/mo
0.3 miles
SUBWAY
Dining
2,093 visits/mo
0.5 miles
Demographics for 48457, MI
8,186
Population
3,438
Households
2.4
Avg Household Size
42
Median Age
14%
College-Educated
88%
High-School Grad
43.0 sq mi
ZIP Area
190
Density / Sq Mi
$64,583
Median Household Income
$32,679
Median Earnings
$864
Median Rent
$164,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Corner-lot commercial space includes a kitchen and open interior awaiting renovation.
Where is this conventional restaurant located?
The property is located at 103 W State St Montrose, MI.
What is the asking price?
The asking price for this property is $50,000.
What are key features of this property?
This property features: Conventional restaurant property requiring a full renovation; Existing kitchen and open floor plan; Upper level identified for banquet or additional dining space
