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    OFF-MARKET
    Retail properties & Spaces

    130 Main St St, Evart, MI 49631

    5,148 SF 0.13 ac lot Built 1905
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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