Listing Agency: MTC Enterprises of Michigan Inc

Listed By: Mark Schneider · License #6501225440

Source: Crexi

Added: Apr 12 Changed: Aug 10 Last Checked: Aug 9 at 11:20AM

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Investment Insights

Based on property information with market context.

This for-sale retail building is described as being in a recreational-approved location, with approximately 4,000 square feet of building area. Public remarks indicate the property sits at the center of downtown and draws from a large tourist population associated with nearby lakes.

The listing cites a 5-mile population count of 5,947 and an average annual daily traffic figure of 6,245. The remarks also reference a customer base supported by vacation lakefront homes described as being Chicago-owned. The property is located at 105 N Phelps St, Decatur, MI 49045.

Key Highlights

• 4000 sq/ft retail building located in the center of downtown Decatur
• Recreational‑approved positioning near lake‑driven tourism
• 5,947 population count within a 5‑mile radius

Property Analytics

Current Use

Red Wing Shoes Clothing & Fashion Store ATM Atm Decatur Ace Hardware Building Supply Decatur Hardware Plumbing Service

Suggested Use

Top Pick Real Estate Agency Auto Parts Store HVAC Service Law Firm Hair Salon Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6,245 VPD

Traffic count

Location Intelligence

Trade Area within ½ mile

175

Businesses Nearby

12k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 76% Home Improvements & Furnishings 15% Dining 9%

Dollar General Shops & Services

5,315 visits/mo 0.3 miles

Family Dollar Shops & Services

3,807 visits/mo 0.4 miles

Decatur Ace Hardware Home Improvements & Furnishings

1,758 visits/mo 0.4 miles

SUBWAY Dining

1,055 visits/mo 0.3 miles

Demographics for 49045, MI

5,256

Population

2,855

Households

1.8

Avg Household Size

44

Median Age

14%

College-Educated

87%

High-School Grad

86.4 sq mi

ZIP Area

61

Density / Sq Mi

$58,328

Median Household Income

$38,182

Median Earnings

$824

Median Rent

$170,900

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Retail building in downtown Decatur with recreational-approved positioning near lake-driven tourism.

Where is this retail space located?

The property is located at 105 N Phelps St Decatur, MI.

What are key features of this property?

This property features: 4000 sq/ft retail building located in the center of downtown Decatur; Recreational‑approved positioning near lake‑driven tourism; 5,947 population count within a 5‑mile radius