117 Main St Walkerville, MI 49459
- Commercial real estate
- 0.27 lot acres
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
-
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