Property summary
This exceptional commercial property, located at 113 S Main St in Ovid, Michigan, presents a remarkable investment opportunity. The building, constructed in 1870, boasts a substantial 2,924 square feet of space spread across two stories, situated on a 0.06-acre lot. Currently vacant, this storefront offers immense flexibility for a variety of uses, including medical offices, salons, or personal service businesses. The main floor provides ample space for retail or office use, while the second floor offers flexible space adaptable to various needs. A large, dry basement provides significant storage capacity. The property's asking price is $139,000, translating to $47.54 per square foot. The property's APN is 580-000-018-012-00. Its location in Ovid, Clinton County, MI, 48866, offers excellent visibility and accessibility. This is a rare chance to acquire a substantial commercial building with significant potential in a desirable location. The property is listed as a modified lease type. The building's size and layout make it ideal for a variety of commercial ventures. Don't miss this opportunity to own a piece of Ovid's commercial landscape.
Property profile
VerifiedCap rate & NOI
Current use
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Bar & Pub
Location
Value estimations
Owner & transaction history
Zoning & alternative use
DIVISION 5. - B-1 CENTRAL BUSINESS DISTRICT Sec. 36-254. - Intent. It is the intent of the B-1 Central Business District to provide for office buildings and the great variety of retail stores and related activities which…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Ovid, MIDIVISION 5. - B-1 CENTRAL BUSINESS DISTRICT Sec. 36-254. - Intent. It is the intent of the B-1 Central Business District to provide for office buildings and the great variety of retail stores and related activities which…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
DIVISION 5. - B-1 CENTRAL BUSINESS DISTRICT Sec. 36-254. - Intent. It is the intent of the B-1 Central Business District to provide for office buildings and the great variety of retail stores and related activities which…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-1 in Ovid, MI.
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