Property profile

108 Grand St Michigan Center, MI 49254

FOR SALE
Retail space
Property ID
US43-1615605
420 SF 0.1 ac lot
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

A commercial property originally built in 1971, historically operated as a barbershop starting in 1986 and later closed; it sits on a 0.1-acre lot with a total building area of approximately 420 square feet. The property is positioned in a high-traffic area and has been updated to support uses such as a barbershop, office, retail, or other similar ventures. Improvements documented over recent years include a roof and gutters replacement in 2020 using 35-year shingles, interior and exterior paint in 2023, and a remodeled private office with separate entrances in 2022. The building has updated plumbing, lighting, and electrical systems, with heating and cooling provided by a furnace and A/C, and an on-demand water heater. Entry is secured with newer doors and keypads, and the interior includes newer vinyl plank flooring. A security system is installed with outdoor cameras and indoor monitors, along with a salt-free electronic water softener. The property is connected to municipal water and sewer. Included built-in or owned items and fixtures described with the property include two barber styling chairs, mirrors and workstations with storage, a UV light sanitizer, waiting area furniture, an antique barber pole, two televisions, inventory and supplies. Outdoor space includes two resin storage sheds sized 4x6 and 8x10 and associated lawn maintenance tools.

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

Current use

Occupant on record · Public records
  • Barber Shop

Location

108 Grand St Michigan Center, MI 49254
Michigan Center metro Census 6102 JACKSON, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$35k

Owner & transaction history

since 2025
Last sale
$22,000
2 recorded transactions
2025
Price N/A
2013
$22,000

Zoning & alternative use

B-2 COM · Michigan Center, MI

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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