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    117 Phelps St Decatur, MI 49045

    Sponsored
    For Sale
    Contact for pricing

    Spacious building, ideal for your business.

    Property size:
    1,288 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    342
    This 1,288 square foot commercial building presents a unique opportunity for entrepreneurs seeking a prime location in Decatur, Michigan's vibrant downtown area. Situated on a 0.05-acre lot at 117 S Phelps Street, this property offers a blank canvas for your business vision. The building features large, open rooms perfect for a variety of commercial uses, complemented by smaller, private rooms in the rear, providing flexibility for different operational needs. The "as-is" sale condition allows for complete customization and renovation to suit your specific requirements. This is a chance to establish your business in a charming, established community with significant potential for growth. The property's central location offers excellent visibility and accessibility, making it an attractive option for a wide range of commercial ventures. Don't miss this chance to secure a foothold in the heart of Decatur. The asking price is $10,000. Act quickly to capitalize on this exceptional opportunity.

    Property Features for 117 Phelps St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,288 SF
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Meraclegro Garden Soil Gas Station

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Van Buren
    State
    Michigan
    Longitude
    -85.97366
    Latitude
    42.10834

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious building, ideal for your business.
    Where is this commercial real estate located?
    The property is located at 117 Phelps St Decatur, MI.
    What is the asking price?
    The asking price for this property is $10,000.
    (269) 657-8140
    Request Owner's contact information
    117 Phelps St Decatur, MI 49045
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    Decatur, MI 49045
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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
    117 Phelps St Decatur, MI 49045
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