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Property profile & analytics
OFF-MARKET
Retail space

114 Putnam St Williamston, MI 48895-1350

1,076 SF 0.01 ac lot Built 1900
Entity Owned 5-yr Hold Free & Clear
Property ID
US43-5203066
Property summary
AI-generated overview

This exceptional commercial property at 114 N Putnam Street, Unit 114, in Williamston, MI, presents a unique investment opportunity. Spanning 1,080 square feet on a 0.1-acre lot, this newly transformed building offers two versatile units, perfect for a variety of business uses. All groundwork is complete, including surveys, a custom architectural design, and raised utility wires to accommodate a second-story unit, providing significant potential for expansion or rental income. The property boasts a solar-ready roofline, allowing for future energy savings and sustainability. The unfinished interiors provide a blank canvas for customization, allowing buyers to create a space perfectly tailored to their business needs. A rare feature for downtown Williamston is the inclusion of a private parking space, offering convenient access and additional flexibility. Situated in the heart of downtown, this property enjoys a prime location just steps from McCormick Park and the Red Cedar River, providing scenic views and proximity to local amenities, including restaurants, shops, and entertainment venues. This is an unparalleled chance to establish a thriving business in a vibrant and desirable community. The asking price is $225,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Total area 1,076 SF
Lot 0.01 ac (566 SF)
Zoning code C-1
APN 33-18-03-35-479-017
UPID US43-5203066
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
  • Smeak Real Estate Co Real Estate Agency
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
114 N Putnam W LLC · 5 yrs held
114 N Putnam W LLC
since 2021
5 recorded transactions
2021
Price N/A
2020
Price N/A
2019
$60,000
2015
Price N/A
2006
$62,500
Zoning & alternative use
C-1 · Williamston, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Section 74-2.306 C-1 Central Business District STATEMENT OF PURPOSE The C-1 Central Business District is intended to permit a variety of commercial, administrative, financial, civic, cultural, residential, entertainment, and recreational activities in an effort to provide a harmonious mix of activities that serve to enhance the district as a commercial and s…

Zone name Central Business
General category CIVIC_INSTITUTIONAL
Zone area 33.92 ac
Source Zoning map - Williamston, MI
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