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    200 3Rd St Imlay City, MI 48444

    For Sale
    $395,000

    Prime Retail Space, 11,000 SF, Historic Charm

    Property size:
    11,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 11,000 square foot storefront property, located at 200 E 3rd St in Imlay City, Michigan, presents a unique investment opportunity. Built in 1913, this three-story building boasts a rich history, originally serving as a Masonic Temple. The lower level offers ample space with 7-foot ceilings, a full bathroom including a shower, a kitchen, and bedrooms – ideal for various uses. The upper two levels feature expansive open areas with impressive 15-foot ceilings, providing flexibility for creative design and layout. A commercial kitchen is conveniently located on the top floor. The property's size and layout lend themselves to a variety of uses, including, but not limited to, retail, event spaces, or banquet centers. The building's location in Lapeer County, Michigan, zip code 48444, offers excellent visibility and accessibility. This is a rare chance to acquire a substantial, historic property with significant potential in a thriving community. The asking price is $395,000. The property is zoned for commercial use.

    Property Features for 200 3Rd St

    General Information

    Property type
    Individual retail properties
    Square Feet
    11,000 SF

    Building Details

    Year Built
    1913
    Stories
    3

    HighLights

    • 1913 Historic Masonic Temple Conversion
    • 11,000 SF, Three‑Story Building
    • Lower Level: Daylight basement, 7' ceilings, bathroom with shower, kitchen, bedrooms
    • Upper Levels: Open floor plans, 15' ceilings
    • Top Floor: Commercial kitchen
    • Potential for Event Space/Banquet Center
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Imlay City
    County
    Lapeer
    State
    Michigan
    Longitude
    -83.0759209
    Latitude
    43.0240598

    Nearby Comparable

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      Imlay City Commercial Land - 8.37 Acres

      Prime Imlay City commercial land, B-3 zoning.
      6998 Newark Rd, Imlay City, MI 48444
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    Nearby Similar for Sale

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      Downtown Imlay City Investment Opportunity

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      Updated Duplex in Imlay City

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Space, 11,000 SF, Historic Charm
    Where is this individual retail property located?
    The property is located at 200 3Rd St Imlay City, MI.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: 1913 Historic Masonic Temple Conversion; 11,000 SF, Three-Story Building; Lower Level: Daylight basement, 7' ceilings, bathroom with shower, kitchen, bedrooms
    Request Owner's contact information
    200 3Rd St Imlay City, MI 48444
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    200 3Rd St Imlay City, MI 48444
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