Building Details

Year Built 1970

Listing Agency: Coldwell Banker Premier Properties Inc.

Listed By: Rita Dahmen · License #6501373365 Show Phone

Source: Elliman

Added: Oct 12 Changed: Oct 13 Last Checked: Oct 13 at 2:48AM

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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 Coldwell Banker Premier Properties Inc.

Investment Insights

Based on property information with market context.

Built in 1970, this former bank building includes a drive-through window and a large vault. Other features include central air conditioning with separate metering, security lighting, illuminated parking, a water filtration system, a compact gas water heater, and an extensive electrical supply box. An additional lot is included.

The property is zoned C-1. Its well and septic system were inspected recently and were found to be in working order.

Key Highlights

• Former bank building with drive‑through window and large vault
• C‑1 zoning
• Central air conditioning is separately metered

Property Analytics

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Current Use

Banks

Suggested Use

Top Pick Furniture & Home Goods Auto Repair Shop Hair Salon Nail Salon Spa & Massage Center Arcade & Gaming Center

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

Location Intelligence

Trade Area within ½ mile

2

Businesses Nearby

Explore this area Business Placement

Demographics for 48401, MI

1,385

Population

744

Households

1.9

Avg Household Size

51

Median Age

14%

College-Educated

96%

High-School Grad

34.6 sq mi

ZIP Area

40

Density / Sq Mi

$68,571

Median Household Income

$39,631

Median Earnings

$972

Median Rent

$161,200

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

Questions? Ask Rey

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What type of property is this? Where is this banks located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Bank - C-1 zoning, a vault, and separate metering for central air conditioning shape the building’s existing features.

Where is this bank located?

The property is located at 2543 Sherman Rd Applegate, MI.

What is the asking price?

The asking price for this property is $74,900.

What are key features of this property?

This property features: Former bank building with drive‑through window and large vault; C‑1 zoning; Central air conditioning is separately metered