420 5Th StClare, MI 48617

  • Other commercial real estate
  • 2.63 AC
For Sale
$950,000 View listing

Property Details for 420 5Th St

Lot size
2.63 AC
Property type
Other commercial real estate
APN
051-034-400-05
APU
5103440005

Description

This exceptional commercial property in Clare, Michigan, presents a unique investment opportunity. The complex comprises five buildings totaling over 42,000 square feet on a 3.81-acre lot, strategically located adjacent to the railroad tracks. The property's history includes operation as an established hardware store, kitchen and bath center, and lumber yard. The main retail space, built in 1960, offers 9,955 square feet of versatile commercial space. A separate shop building, constructed in 1965, adds another 2,580 square feet. A dedicated kitchen and bath center building (1,917 sq ft, built in 1960) complements the existing retail space. Two substantial warehouse buildings provide ample storage: Warehouse #1 boasts 17,388 square feet, and Warehouse #2 offers 10,530 square feet (built in 1960). The property is fully secured. This offering is for the real estate only

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $20,271,404
    Hospitality
    $18,568,498
    Educational
    $15,448,772
    Medical
    $15,980,079
    Retail
    $24,031,422
420 5Th St, Clare, Michigan
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Location Insight

City
Clare
County
Clare
State
Michigan
Latitude
43.821
Longitude
-84.776

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
2023
$19,522
$42,600
$358,000
$400,600
-
$85,200
$716,000
$801,200

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