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    115 Elizabeth St Stockbridge, MI 49285

    Sponsored
    For Sale
    $264,900

    Historic building, versatile layout, downtown location.

    Property size:
    1,413 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 1,413 square foot commercial property at 115 E Elizabeth Street, Unit 115, in the charming village of Stockbridge, Michigan, presents a fantastic investment opportunity. Boasting a rich history, this building has served as a police and fire station, a township office, and most recently, a thriving salon and spa. The property features numerous updates, including a newer roof, windows, siding, furnace, air conditioning system, and water heater – eliminating the need for significant upfront capital expenditures. The versatile layout, with multiple entrance points, allows for flexible use, potentially accommodating multiple businesses or a single large operation. The building's 1,413 square feet offers ample space for a variety of commercial ventures. The property includes convenient on-site parking and a small, fenced-in green space in the rear. Its prime downtown location places it within easy reach of the town square, a vibrant hub for community events, ensuring high visibility and foot traffic. The 0.16-acre lot provides ample space for operations and potential future expansion. This is a rare opportunity to acquire a move-in ready commercial space in a desirable location with a proven track record of success. The building's history and versatile design make it an ideal choice for entrepreneurs seeking a unique and established presence in the heart of Stockbridge.

    Property Features for 115 Elizabeth St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,413 SF
    Lot Size
    6,970 SF
    Location Intelligence

    Current Use by Public Records

    Simply You Salon ... Hair Salon

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Stockbridge
    County
    Ingham
    State
    Michigan
    Longitude
    -84.17953
    Latitude
    42.45003

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    FAQs

    What type of property is this?
    Commercial real estate - Historic building, versatile layout, downtown location.
    Where is this commercial real estate located?
    The property is located at 115 Elizabeth St Stockbridge, MI.
    What is the asking price?
    The asking price for this property is $264,900.
    (517) 657-9100
    Request Owner's contact information
    115 Elizabeth St Stockbridge, MI 49285
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    Stockbridge, MI 49285
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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
    115 Elizabeth St Stockbridge, MI 49285
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