502 Grand River Ave Williamston, MI 48895
- Retail space
- 864 SF
- 0.22 lot acres
Current Use by Public Records
- Retail space
Property Details for 502 Grand River Ave
- Year built
- 1948
- Lot size
- 0.22 lot acres
- Property size
- 864 SF
- Zone code
- C-3
- Property type
- Retail space
- APN
- 33-18-03-36-378-001
- APU
- 33180336378001
Description
This exceptional 864-square-foot commercial property, located at 502 E Grand River Avenue Unit 502 in Williamston, Michigan, presents a remarkable opportunity for entrepreneurs and established businesses alike. Situated on a 0.22-acre lot in the vibrant heart of downtown Williamston, this property enjoys unparalleled visibility and accessibility. The interior boasts a turnkey condition, with two spacious areas ready for immediate occupancy. Two separate storage areas provide added convenience and functionality. The space is currently configured to allow for a variety of uses, offering flexibility for diverse business needs. Zoned C-3 Mixed Use, this property is ideally suited for a range of commercial ventures, from retail establishments to professional office spaces. The large lot provides ample room for potential expansion, allowing businesses to grow and adapt within the property. The property's prime location ensures high foot traffic and excellent exposure, making it an exceptional investment for those seeking a thriving commercial presence in a desirable Michigan community. The asking price is $165,000. This is a rare opportunity to acquire a well-maintained, versatile commercial space in a dynamic downtown setting.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $325,000
- 6.5%
- $340,000
- 7%
- $340,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $365,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $365,000
- Retail
- $370,000
- Mixed-Use
- $285,000
- Hospitality
- $350,000
- Educational
- $370,000
- Residential Income
- $300,000
- Energy
- $320,000
- Income-Based Land
- $375,000
- Food Service
- $385,000
Location Insight
- Map
- Local Demand
- City
- Williamston
- County
- Ingham
- State
- Michigan
- Longitude
- -84.2776
- Latitude
- 42.6877
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA