Building Details

Year Built 1900

Listing Agency: k***@smithstreethomes.com Show Phone

Listed By: Kelly A Smith · License #6502409211 Show Phone

Source: Elliman

Added: Apr 27 Changed: Jul 10 Last Checked: Aug 6 at 5:47AM

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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 Kelly A Smith

Investment Insights

Based on property information with market context.

Located in downtown Memphis, this mixed-use property features a commercial storefront and a residential apartment. The main level is currently operating as a salon and benefits from high visibility, foot traffic, and community presence. The upper level contains a private residential apartment with three bedrooms. The property's central location provides access to local shops, dining, and community activities. This property offers flexibility and functionality in a growing downtown setting. The walk score is 34, indicating car-dependent surroundings, and the bike score is 35, indicating somewhat bikeable conditions.

Key Highlights

• Mixed‑use property with commercial storefront and 3‑bedroom residential apartment.
• Prime downtown Memphis location with high visibility and foot traffic.
• Multiple income streams from commercial and residential rentals.

Property Analytics

Property Profile

Current Use

Storefront properties

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Real Estate Agency Law Firm Storage Facility 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.

Location Intelligence

Trade Area within ½ mile

133

Businesses Nearby

13k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

6,722 visits/mo 0.2 miles

Marathon Petroleum Shops & Services

6,453 visits/mo 0.0 miles

Demographics for 48041, MI

4,332

Population

1,838

Households

2.4

Avg Household Size

45

Median Age

17%

College-Educated

93%

High-School Grad

40.0 sq mi

ZIP Area

108

Density / Sq Mi

$87,599

Median Household Income

$50,551

Median Earnings

$867

Median Rent

$296,200

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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Frequently Asked Questions

What type of property is this?

Mixed-use property - Versatile investment: commercial space and residential apartment in downtown Memphis.

Where is this mixed-use property located?

The property is located at 80847 Main St Memphis, MI.

What is the asking price?

The asking price for this property is $220,000.

What are key features of this property?

This property features: Mixed‑use property with commercial storefront and 3‑bedroom residential apartment.; Prime downtown Memphis location with high visibility and foot traffic.; Multiple income streams from commercial and residential rentals.