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    FOR SALE
    Grocery and convenience stores

    100 N Main St, Munith, MI 49259

    1,176 SF 0.1 ac lot
    Individually Owned 4-yr Hold Free & Clear
    Property ID
    US43-1470229
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 100 N Main Street in Munith, Michigan, presents a unique investment opportunity. The 1,500 square foot building, formerly the Munith Market, sits on a 0.22-acre lot and offers significant potential for redevelopment or repurposing. Its strategic location benefits from proximity to the bustling M-106 highway, ensuring excellent accessibility and visibility. A key advantage is the property's adjacency to the popular 34-mile Rail-Trail, which opened in 1994 and has since become a significant draw for local businesses and tourism. The trail's resurgence has revitalized the area, mirroring the historical impact of the Grand Trunk Railroad in 1884. This sale is particularly attractive due to the inclusion of two adjacent parcels, identified as ID #088-04-13-234-004-00 and ID #088-04-13-234-006-00, expanding the overall property size and development possibilities. The property is priced at $110,000 and is ready for an ambitious buyer to transform it into a thriving enterprise. This is a chance to capitalize on a prime location with a rich history and a bright future.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Total area 1,176 SF
    Lot 0.1 ac (4,356 SF)
    Zoning code COM DIS
    APN 088-04-13-234-005-00
    UPID US43-1470229
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Robert Anderson · 4 yrs held
    Robert Anderson
    since 2022
    3 recorded transactions
    2022
    2013
    2005
    Zoning & alternative use
    COM DIS · Munith, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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