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    124 State St Montrose, MI 48457

    For Sale
    $74,900

    Downtown Montrose: 2-Unit Building, Pizza Shop Ready

    Property size:
    2,415 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional investment opportunity presents a 2,415 square foot, two-unit building situated on a 0.04-acre lot in the heart of downtown Montrose, Michigan. The property features a fully equipped storefront, perfectly set up for immediate operation as a pizza restaurant. All necessary equipment is included, encompassing a large Hobart mixer, a Vulcan oven, ample refrigeration (coolers), sinks, countertops, and a cash register – everything needed to begin serving customers immediately. The second unit is a nicely updated two-bedroom apartment, providing additional income potential through rental. This apartment could serve as living quarters for the business owner or generate rental income, offering immediate financial returns. The building's prime downtown location ensures high visibility and accessibility, maximizing its potential for success. Priced at $74,900, this property represents a rare chance to acquire a turnkey business and residential space in a thriving community. The combination of a ready-to-operate pizza shop and a rentable apartment makes this an attractive proposition for both entrepreneurs and investors seeking a strong return on investment. Don't miss this chance to take control of your financial future. This property is priced to sell and ready for immediate occupancy and profitability.

    Property Features for 124 State St

    General Information

    Property type
    Industrial properties
    Square Feet
    2,415 SF
    Lot Size
    1,742 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Montrose Candy & Ice ... Candy Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Genesee
    State
    Michigan
    Longitude
    -83.89399
    Latitude
    43.17641

    Nearby Comparable

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    • $1,600,000
      160.40 Acres

      160 Acres with Lake and River

      160 acres featuring a lake, river frontage, and hardwoods.
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      Versatile Land Opportunity

      1.32 acres of versatile land for sale.
      8506 Duffield Rd, Flushing, MI 48433
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      Versatile Land Opportunity

      1.32 acres of versatile land available for purchase.
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    FAQs

    What type of property is this?
    Industrial property - Downtown Montrose: 2-Unit Building, Pizza Shop Ready
    Where is this industrial property located?
    The property is located at 124 State St Montrose, MI.
    What is the asking price?
    The asking price for this property is $74,900.
    (989) 624-4444
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    124 State St Montrose, MI 48457
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    Montrose, MI 48457
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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
    124 State St Montrose, MI 48457
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