Property profile

104 S Main St Waldron, MI 49288

FOR SALE
Commercial real estate
Property ID
US43-2909374
1,932 SF 0.06 ac lot Built 1900
Individually Owned Free & Clear
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Property summary

AI-generated overview

This exceptional industrial property at 104 S Main, Waldron, MI, presents a unique blend of historical charm and modern functionality. Boasting a total of 4,242 square feet, the building offers ample space for a variety of commercial uses. The main level encompasses over 3,200 square feet of office space, ideal for a growing business. Five individual offices provide flexibility for different teams or departments. A dedicated break room adds convenience for employees. Adding to the practicality is a four-car attached garage, providing secure parking and additional storage. The lower level features an additional 1,000 square feet of basement space, perfect for storage or future expansion. A significant portion of the building dates back to the late 1800s, having served as Waldron's original bank. This rich history is evident in the stunning woodwork, a preserved vintage vault, and other charming period details. A substantial addition, constructed in 2001, seamlessly integrates modern amenities with the building's historical character. The property sits on a 0.12-acre lot in the heart of Waldron. The combination of historical significance, substantial square footage, and modern updates makes this property an exceptional value in Hillsdale County. The asking price is $184,900. This is a rare opportunity to own a piece of history while enjoying a functional and adaptable commercial space.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Total area 1,932 SF
Lot 0.06 ac (2,657 SF)
APN 17-065-001-018
UPID US43-2909374

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency

Location

104 S Main St Waldron, MI 49288
Waldron metro Census 51100 HILLSDALE, MI MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2026
3 recorded transactions
2026
$9,500
2020
Price N/A
2016
$9,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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