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Three-Unit Apartment Building
For Sale
$249,900

170 Bancroft Street, Imlay City, MI 48444

Current residents occupy the units under month-to-month arrangements and pay their own electricity and natural gas.

Property SizeContact for details
Days on Market42

Property Features for 170 Bancroft Street

General Information

Standard status Active
Property subtype Multi Family

Additional Details

Multifamily Units 3

Building Details

Tenancy Multi
Listing Agency: Coulter Real Estate
Listed By: Bruce Lilley
Source: Alexmi
Added: Jul 20 Changed: Aug 30 Last Checked: Aug 30 at 6:00AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coulter Real Estate

Investment Insights

Based on property information with market context.

This three-unit apartment property offers an established residential income configuration near Imlay City’s central business district. The units are occupied by longstanding tenants, with each resident responsible for their own electricity and natural gas costs. Current rental arrangements are month to month.

The property is within walking distance of downtown Imlay City and the community pool, placing everyday destinations and recreation nearby. Ownership has remained with the same party for 20 years, providing a long operating history for the asset.

Key Highlights

  • Three‑unit apartment property near Imlay City’s central business district
  • Current tenants are on month‑to‑month rental arrangements
  • Tenants pay their own electricity and natural gas

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Barber Shop Cafe & Coffee Shop Carpet & Flooring Store Computer & Electronic Repair Dental Office

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

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

416
Businesses Nearby

Demographics for 48444, MI

9,420
Population
4,140
Households
2.3
Avg Household Size
41
Median Age
13%
College-Educated
86%
High-School Grad
81.5 sq mi
ZIP Area
116
Density / Sq Mi
$69,010
Median Household Income
$35,815
Median Earnings
$800
Median Rent
$237,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Current residents occupy the units under month-to-month arrangements and pay their own electricity and natural gas.
Where is this triplex located?
The property is located at 170 Bancroft Street Imlay City, MI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Three‑unit apartment property near Imlay City’s central business district; Current tenants are on month‑to‑month rental arrangements; Tenants pay their own electricity and natural gas
More about this property
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