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    OFF-MARKET
    Retail space

    108 Grand St, Michigan Center, MI 49254-1107

    420 SF 0.1 ac lot
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US43-1615605
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 108 Grand Street in Michigan Center, MI 49254, presents a unique investment opportunity. Priced at $116,000, this 0.1-acre lot features a versatile building originally constructed in 1971 and most recently operating as a barbershop. The building boasts a wealth of recent upgrades, including a new roof and gutters (2020), fresh interior and exterior paint (2023), a remodeled private office (2022), updated plumbing, lighting, and electrical systems, a new furnace, A/C, and on-demand water heater, secure entry with new doors and keypads, new vinyl plank flooring, and a comprehensive security system with outdoor cameras and indoor monitors. Professional lawn care is provided by TruGreen. The property also includes newly poured concrete entry slabs and a salt-free electronic water softener. Municipal water and sewer are connected. Included in the sale are most of the existing barbershop fixtures and equipment, such as two barber styling chairs, mirrors and workstations, a UV light sanitizer, waiting area furniture, an antique barber pole, two televisions, inventory, and supplies, as well as lighted signage. Two resin storage sheds (4x6 and 8x10) with lawn maintenance tools are also included. This high-traffic location, previously a successful barbershop, is ideally suited for a variety of commercial uses and offers a seamless transition for a new owner. Don't miss this chance to own a well-maintained property in a thriving community.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Total area 420 SF
    Lot 0.1 ac (4,356 SF)
    Zoning code B-2 COM
    APN 000-14-09-104-005-00
    UPID US43-1615605
    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
    Current use
    Occupant on record · Public records
    • The Grand Barbershop, LLC Barber Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Phillip Dale Smith II · 1 yrs held
    Phillip Dale Smith II
    since 2025
    Last sale
    $22,000
    2 recorded transactions
    2025
    2013
    $22,000
    Zoning & alternative use
    B-2 COM · Michigan Center, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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