Bank Building with
For Sale
$74,900
2543 Sherman Street, Applegate, MI 48401
COM/IND/BUS OPP, Applegate, MI
Property Size1,400 SF
Lot Size0.20 Acres
Price / SF$53.50
Days on Market11
Property Features for 2543 Sherman Street
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
(386) 316-4052
Added: Oct 10
Changed: Oct 20
Last Checked: Oct 20 at 10:06PM
MLS# 50224524
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1970, this former bank contains 1,400 square feet and includes a drive-through window, a large vault, security lighting, and a lighted parking area. The property also has central air conditioning on a separate meter, a water filtration system, a compact gas water heater, and an extensive electrical panel. Forced-air heating and a shingle roof serve the building.
The parcel is 0.2 acres, and an additional lot is included. Water is supplied by a private source, with a well and septic system that have been inspected and are reported to be in working order. The property is zoned C-1 and is located in Applegate, Michigan.
The parcel is 0.2 acres, and an additional lot is included. Water is supplied by a private source, with a well and septic system that have been inspected and are reported to be in working order. The property is zoned C-1 and is located in Applegate, Michigan.
Key Highlights
- Former bank building with 1,400 square feet on a 0.2‑acre parcel
- Drive‑through window and large vault
- C‑1 zoning
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
Frequently Asked Questions
What type of property is this?
Bank - A large vault and separately metered central air conditioning remain in place.
Where is this bank located?
The property is located at 2543 Sherman Street 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 1,400 square feet on a 0.2‑acre parcel; Drive‑through window and large vault; C‑1 zoning
