68074 Main St Richmond, MI 48062
- Retail space
- 4,144 SF
- 0.28 lot acres
Current Use by Public Records
- Retail space
Property Details for 68074 Main St
- Year built
- 1905
- Lot size
- 0.28 lot acres
- Property size
- 4,144 SF
- Zone code
- B-2
- Property type
- Retail space
- APN
- 07-06-01-163-002
- APU
- 70601163002
Description
This exceptional 4,144 square foot industrial property located at 68074 S Main, Richmond, MI, presents a unique investment opportunity. Currently leased to a thriving antique market and furniture retailer on a long-term agreement, this property guarantees immediate and consistent rental income. The building, situated on a 0.28-acre lot, boasts a rich history, having previously served as a successful music studio. The main level is beautifully appointed with multiple rooms, currently subleased to various antique vendors. The upper level offers significant untapped potential for expansion or additional rental income. A large, dry basement is currently used for cold storage by a neighboring business, generating supplemental revenue. The property includes a private parking lot, adding to its convenience and appeal. Offered at $269,999, this well-maintained building represents a chance to acquire a landmark property with a proven track record of success in a vibrant community. Its established tenancy and diverse income streams make it an attractive investment for discerning buyers seeking a stable and profitable venture. The property's history and current use combine to create a unique and compelling investment opportunity. Don't miss this chance to own a piece of Richmond's commercial history.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Macomb
- State
- Michigan
- Longitude
- -82.7493
- Latitude
- 42.803
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
