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    106 E 3Rd St Imlay City, MI 48444

    For Sale
    $399,000

    Mixed-use property with renovated apartments and business spaces.

    Lot size:
    0.14 Acres

    Property Features for 106 E 3Rd St

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    1890

    Source: Coldwell Banker Professionals Agent John Robinson

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

    Overview

    Downtown Imlay City Investment Opportunity

    This mixed-use property is located in Downtown Imlay City, MI. The building includes two newly renovated loft apartments on the upper level, each featuring over 1500 square feet of living space, two bedrooms, two bathrooms, a kitchen, laundry facilities, a living room, and balconies. The main level offers two 1700-square-foot business build-outs. The property has undergone extensive renovations, including new electrical, drywall, plumbing, and a fire suppression system throughout. The parking area in the rear of the building has been newly re-paved. This property presents an investment opportunity with potential for residential and commercial income.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    Imlay City
    County
    Lapeer
    State
    Michigan
    Longitude
    -83.077324
    Latitude
    43.024375

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with renovated apartments and business spaces.
    Where is this mixed-use property located?
    The property is located at 106 E 3Rd St Imlay City, MI.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Two newly renovated 1500+ sq ft loft apartments upstairs, each with 2 beds and 2 baths.; - Two 1700 sq ft business build-outs on the main level.; - New electrical, drywall, plumbing, and fire suppression system throughout the building.
    (248) 961-5005
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    106 E 3Rd St Imlay City, MI 48444
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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
    106 E 3Rd St Imlay City, MI 48444
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