Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    136 Main St Morenci, MI 49256

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $125,000

    Prime Morenci location, 10-lane bowling alley, high potential.

    Property size:
    10,920 SF

    Property Features for 136 Main St

    General Information

    Property type
    Industrial properties
    Square Feet
    10,920 SF
    Lot Size
    14,375 SF

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Bradley Frederick

    Listing Agency: Gil Henry & Associates Listing Agent: Bradley Frederick

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 10,920 square foot industrial property located at 136 W Main, Morenci, MI, presents a unique investment opportunity. Situated on a 0.33-acre lot, this building previously housed a successful bowling alley and restaurant, offering immense potential for a variety of uses. The existing infrastructure includes ten bowling lanes, providing a solid foundation for a revitalized entertainment venue. The substantial square footage allows for expansion and diversification, with ample space to incorporate additional amenities such as a bar, arcade, pro shop, or expanded dining area. The property's history as a popular community gathering spot suggests strong potential for future success. The asking price is $125,000, representing a significant value for a property of this size and potential in the thriving Morenci market. This is an exceptional chance to acquire a piece of Morenci's history and shape its future. The property's versatile layout and prime location make it ideal for an entrepreneur seeking a unique business venture or an investor looking for a high-return opportunity. The building's solid construction and ample space offer flexibility for a wide range of uses, ensuring a strong return on investment. Don't miss this chance to own a piece of Morenci's vibrant community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm Daycare Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Morenci
    County
    Lenawee
    State
    Michigan
    Longitude
    -84.21667
    Latitude
    41.71976

    Nearby Similar for Sale

    • $1,800,000
      Pending

      211 Acres of Farmland

      211 acres of tillable farm ground in Morenci, Michigan.
      9088 Elliott Hwy, Morenci, MI 49256
      View Details
    • $115,000
      4,230 SF

      Morenci Commercial/Industrial Flex Space

      Commercial/Industrial flex space in Morenci, Michigan, totaling 4,230 square feet.
      Morenci, MI 49256
      View Details
    • $89,900

      Updated Commercial Building in Morenci

      Updated commercial building in revitalizing downtown area, ideal for business.
      231 W Main St, Morenci, MI 49256
      View Details
    • $89,900

      Former Church and Youth Center

      Three-story building suitable for business, retail, or office use.
      244 W Main St, Morenci, MI 49256
      View Details
    • $6,000,000

      Turn Key Marijuana Grow Facility

      24,000 sq ft marijuana grow facility on 3.16 acres.
      515 Hammontree Dr, Morenci, MI 49256
      View Details
    • $89,900
      8,580 SF

      Historic Morenci Commercial Building

      Prime Downtown Location, Endless Potential
      244 Main St, Morenci, MI 49256
      View Details
    • $114,900
      2,553 SF

      Morenci Industrial Space - Main St

      Prime Downtown Morenci Industrial Building
      113 Main St, Morenci, MI 49256
      View Details
    • $90,000
      854 SF

      Morenci Industrial Building - Huge Potential

      Charming brick building, 854 sq ft, prime location.
      Morenci, MI 49256
      View Details
    • Contact for pricing
      45,000 SF

      Morenci Industrial Park Investment

      Cannabis-ready industrial buildings in Michigan.
      300 Hammontree Dr, Morenci, MI 49256
      View Details
    • $1,700,000

      Profitable Michigan Marijuana Grow Op

      High-revenue, established cannabis cultivation business.
      0 0001, Morenci, MI 49256
      View Details
    • $2,750,000
      27,000 SF

      Prime Morenci Industrial Investment

      High-Yield Cannabis Facility, 27,000 SF
      520 Hammontree Dr, Morenci, MI 49256
      View Details

    FAQs

    What type of property is this?
    Industrial property - Prime Morenci location, 10-lane bowling alley, high potential.
    Where is this industrial property located?
    The property is located at 136 Main St Morenci, MI.
    What is the asking price?
    The asking price for this property is $125,000.
    (517) 263-8971
    Request Owner's contact information
    136 Main St Morenci, MI 49256
    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.
    136 Main St
    Morenci, MI 49256
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    136 Main St Morenci, MI 49256
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Bradley Frederick
    Real Estate License ID: LCAR-6502342160
    (517) 263-8971 (517) 605-1020
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!