108 Grand St, Michigan Center, MI 49254-1107
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.
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The Grand Barbershop, LLC Barber Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-2 COM · Michigan Center, MIMichigan Center. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.