Bank Building with
New
For Sale
$74,900
2543 Sherman Road, Applegate, MI 48401
COM/IND/BUS OPP, Applegate, MI
Property Size1,400 SF
Lot Size0.20 Acres
Price / SF$53.50
Days on Market4
Property Features for 2543 Sherman Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Lot features
Corner Lot, Main Street, Residential Area
Subdivision
Applegate (76027)
Standard status
Active
APN
232-200-004-006-00 & 007-00
Size
1,400 SF
Lot size
0.20 Acres
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Private
Amenities
drive-thru window
security lighting
large vault
lighted parking
central AC
additional lot
water filtration system
compact gas water heater
extensive electrical supply box
Building Details
Year built
1970
Roof type
Shingle
Listing Agency:
Premier Properties Real Estate LLC · Coldwell Banker Real Estate
(810) 359-2000
Listed By:
Rita Dahmen · License #6501373365
(386) 316-4052
Added: Oct 10
Last Checked: Oct 13 at 11:06PM
MLS# 50224524
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Investment Insights
Based on property information with market context.
This 1,400-square-foot former bank building sits on a 0.2-acre parcel and includes a drive-through window, a large vault, and a separately metered central air-conditioning system. Built in 1970, the property also has forced-air heat, a shingle roof, a water filtration system, a compact gas water heater, and an extensive electrical supply box. A private well and septic system have recently passed inspection, and the site includes an additional lot.
Located at 2543 Sherman Road in Applegate, the property is zoned C-1. Its existing bank features and commercial zoning provide a range of possible reuse options, subject to applicable requirements.
Located at 2543 Sherman Road in Applegate, the property is zoned C-1. Its existing bank features and commercial zoning provide a range of possible reuse options, subject to applicable requirements.
Key Highlights
- 1,400 square feet on a 0.2‑acre parcel
- Former bank with drive‑through window and large vault
- C‑1 zoning; address: 2543 Sherman Road, Applegate, MI 48401
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
18
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
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Bank - C-1 zoning, a vault, and a separate lot accompany this adaptable commercial property.
Where is this bank located?
The property is located at 2543 Sherman Road 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: 1,400 square feet on a 0.2‑acre parcel; Former bank with drive‑through window and large vault; C‑1 zoning; address: 2543 Sherman Road, Applegate, MI 48401
