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Property profile & analytics

502 Grand River Ave Williamston, MI 48895

  • Retail space
  • 864 SF
  • 0.22 lot acres
Value Estimation
Last Sale
Apr 02, 2025
Location Intelligence
Property ID
US43-1830782
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

  • 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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

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
$2,202
$35,600
$19,500
$55,100
-
$71,200
$39,000
$110,200
More about this property
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