130 Main St St, Evart, MI 49631
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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