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    259 Main St Farwell, MI 48622

    Sponsored
    For Sale
    $215,000

    Spacious industrial building, ideal for various uses.

    Property size:
    2,704 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 2,704 square foot industrial building, constructed in 2008, presents a unique investment opportunity in the thriving Village of Farwell, Michigan. Situated on a prominent corner lot at 259 W Main Street, this 0.62-acre property boasts a prime location with high visibility. Previously utilized as a bank, the building offers a versatile layout perfectly suited for a variety of commercial ventures. A key feature is the existing conditional variance granted by the Village of Farwell, specifically permitting the use of the property as a marijuana dispensary. The building includes a substantial carport with four drive-thru bays, a large welcoming lobby area, multiple private offices, and ample parking, catering to the needs of a busy business. The building's design and features offer significant advantages for businesses requiring a high level of accessibility and customer convenience. The property's strategic location on Main Street ensures excellent exposure to a steady stream of traffic, maximizing visibility and potential customer reach. This is a rare opportunity to acquire a well-maintained, versatile commercial space in a growing community with a pre-approved use for a high-demand industry. The combination of location, size, and permitted use makes this property an exceptional investment prospect.

    Property Features for 259 Main St

    General Information

    Property type
    Industrial properties
    Square Feet
    2,704 SF
    Lot Size
    27,007 SF

    Building Details

    Year Built
    2008
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Daycare Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Farwell
    County
    Clare
    State
    Michigan
    Longitude
    -84.86926
    Latitude
    43.83497

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    FAQs

    What type of property is this?
    Industrial property - Spacious industrial building, ideal for various uses.
    Where is this industrial property located?
    The property is located at 259 Main St Farwell, MI.
    What is the asking price?
    The asking price for this property is $215,000.
    (989) 588-9621
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    259 Main St Farwell, MI 48622
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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
    259 Main St Farwell, MI 48622
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