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Property profile & analytics

117 Main St Walkerville, MI 49459

  • Commercial real estate
  • 0.27 lot acres
Value Estimation
Location Intelligence
Property ID
US43-3166815
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

  • Commercial real estate

Property Details for 117 Main St

Lot size
0.27 lot acres
Property type
Commercial real estate
APN
047-712-003-00
APU
4771200300

Description

This expansive 7,400 square foot industrial building presents a remarkable opportunity in the heart of Walkerville, Michigan. The steel-constructed structure sits on a 0.35-acre lot and boasts a rich history, having previously served as a grocery store, hardware store, and office space. This versatility makes it ideal for a wide range of businesses. The property's location in downtown Walkerville offers excellent visibility and accessibility. Walkerville itself is a thriving community known for its outdoor recreation opportunities, with proximity to the Manistee National Forest and numerous lakes providing access to hunting, boating, and fishing. This presents a unique chance to cater to the active lifestyle of the local population. The building's substantial size allows for diverse uses, from retail ventures and storage solutions for boats and RVs to service-oriented businesses supporting the outdoor recreation community. The asking price of $95,000 makes this a compelling investment opportunity for entrepreneurs and investors seeking a well-located, adaptable property with significant potential for growth and return. The property's adaptable layout and prime location offer a rare chance to establish a thriving business in a vibrant community. This is a truly unique opportunity to capitalize on the area's strong outdoor recreation focus and the building's versatile past uses.

Value Estimation

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

    CAP return
    Estimation
    Estimation
    $265,000
  • CAP approach

    CAP return
    Estimation
    6%
    $285,000
    6.5%
    $265,000
    7%
    $295,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $245,000
    Geo Method
    $265,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $320,000
    Retail
    $265,000
    Mixed-Use
    $275,000
    Hospitality
    $320,000
    Educational
    $335,000
    Residential Income
    $260,000
    Energy
    $310,000
    Income-Based Land
    $315,000
    Food Service
    $330,000

Location Insight

  • Map
  • Local Demand
City
Walkerville
County
Oceana
State
Michigan
Longitude
-86.124
Latitude
43.714

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
2022
$1,793
$6,300
$37,300
$43,600
-
$12,600
$74,600
$87,200
More about this property
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