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Property profile & analytics

124 State St Montrose, MI 48457

  • Commercial real estate
  • 2,405 SF
  • 0.04 lot acres
For Sale
Last Sale
Jun 24, 2025
$70,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-0049033
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Montrose Candy & Ice Cream / Ice Cream Shop / Candy Store

Property Details for 124 State St

Lot size
0.04 lot acres
Property size
2,405 SF
Property type
Commercial real estate
APN
60-17-581-002
APU
6017581002

Description

This exceptional investment opportunity presents a 2,415 square foot, two-unit building situated on a 0.04-acre lot in the heart of downtown Montrose, Michigan. The property features a fully equipped storefront, perfectly set up for immediate operation as a pizza restaurant. All necessary equipment is included, encompassing a large Hobart mixer, a Vulcan oven, ample refrigeration (coolers), sinks, countertops, and a cash register – everything needed to begin serving customers immediately. The second unit is a nicely updated two-bedroom apartment, providing additional income potential through rental. This apartment could serve as living quarters for the business owner or generate rental income, offering immediate financial returns. The building's prime downtown location ensures high visibility and accessibility, maximizing its potential for success. Priced at $74,900, this property represents a rare chance to acquire a turnkey business and residential space in a thriving community. The combination of a ready-to-operate pizza shop and a rentable apartment makes this an attractive proposition for both entrepreneurs and investors seeking a strong return on investment. Don't miss this chance to take control of your financial future. This property is priced to sell and ready for immediate occupancy and profitability.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $55,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $76,000
    Market price range: $76.0k - $266k
    AI Estimate
    $76,000
    Market price range: $76.0k - $266k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Montrose
County
Genesee
State
Michigan
Longitude
-83.8941
Latitude
43.1764
CBSA code
22420
CBSA name
FLINT, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$1,554
$0.00
$0.00
$32,100
-
$0.00
$0.00
$64,200
More about this property
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