Property profile

130 Main St St Evart, MI 49631

OFF-MARKET
Retail properties & Spaces
5,148 SF 0.13 ac lot Built 1905
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 5,148 square foot commercial property located at 130 N Main Street in Evart, Michigan presents a unique investment opportunity. Built in 1905, this iconic building boasts a rich history, having served as both a state-of-the-art bank and later, a post office. Intriguing historical features remain, including the original bank vault and post office window, complemented by beautifully preserved ornate trim and hardware. The main floor offers substantial commercial space, ideal for a variety of businesses. Upstairs, four one-bedroom, one-bathroom apartments provide additional income potential. Three of these apartments are currently rented. While one apartment requires some renovation, the others are described as charming and currently occupied. The entire building is in need of some general cosmetic updates, but its inherent character and potential are undeniable. The 0.13-acre lot provides ample space. The City of Evart is actively supporting downtown revitalization efforts, including offering grants to enhance local businesses. This property represents a rare chance to own a piece of Evart's history and contribute to its vibrant future. Further details on city grants are available on the Evart city website. Priced at $349,000.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1905
Total area 5,148 SF
Lot 0.13 ac (5,663 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

130 Main St St Evart, MI 49631
Evart metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 130 Main St St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message