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    Morenci, MI 49256

    Sponsored
    For Sale
    $90,000

    Charming brick building, 854 sq ft, prime location.

    Property size:
    854 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 854-square-foot industrial property, located at 205 North in Morenci, Michigan, presents a unique investment opportunity. Situated just one block north of the downtown area, this charming brick building offers a blend of historical character and modern adaptability. The 0.07-acre lot provides ample space for potential expansion or outdoor use, depending on the intended purpose. The building's versatile interior layout allows for a wide range of commercial uses. Imagine transforming this space into a thriving medical practice, a vibrant retail establishment such as a flower shop or hair salon, a cozy cafГ© or deli, or a sophisticated professional office. The possibilities are truly endless. The building's solid brick construction ensures durability and longevity, making it an ideal investment for both established businesses seeking a new location and entrepreneurs looking to launch their ventures. Its prime location offers excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers and clients. Priced competitively at $90,000, this property represents an exceptional value in the Morenci market. Don't miss this chance to acquire a piece of Morenci's history and shape its future. Contact us today to schedule a viewing and explore the potential of this remarkable property.

    Property Features for

    General Information

    Property type
    Industrial properties
    Square Feet
    854 SF
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1983
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Map

    City
    Morenci
    County
    Lenawee
    State
    Michigan
    Longitude
    -84.21757
    Latitude
    41.72073

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    FAQs

    What type of property is this?
    Industrial property - Charming brick building, 854 sq ft, prime location.
    Where is this industrial property located?
    The property is located at Morenci, MI.
    What is the asking price?
    The asking price for this property is $90,000.
    (517) 263-8971
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    Morenci, MI 49256
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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
    Morenci, MI 49256
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