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    231 W Main St Morenci, MI 49256

    For Sale
    $89,900

    Updated commercial building in revitalizing downtown area, ideal for business.

    Lot size:
    0.11 Acres

    Property Features for 231 W Main St

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1966

    Source: Gil Henry & Associates Agent Bradley Frederick

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Commercial Building in Morenci

    This updated brick-front commercial building is located in the heart of Morenci's revitalizing downtown. The property offers over 1,500 square feet of space. Recent updates include new flooring, energy-efficient LED lighting, and a handicap-accessible restroom. The property has excellent street visibility and classic downtown charm, making it suitable for launching a new business or expanding an existing one.
    Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop Pharmacy Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Morenci
    County
    Lenawee
    State
    Michigan
    Longitude
    -84.218196
    Latitude
    41.719167

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    FAQs

    What type of property is this?
    Storefront property - Updated commercial building in revitalizing downtown area, ideal for business.
    Where is this storefront property located?
    The property is located at 231 W Main St Morenci, MI.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: - Updated 1,500+ sq ft brick-front commercial building in revitalizing downtown.; - Ideal for launching or expanding a business.; - Recent updates include new flooring and energy-efficient LED lighting.
    (517) 605-1020
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    231 W Main St 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
    231 W Main St Morenci, MI 49256
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