115 S Main St Chelsea, MI 48118
Property profile & analytics
115 S Main St, Chelsea, MI 48118
- Retail space
- 9,678 SF
- 0.12 lot acres
Property ID
US43-5243089
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 115 S Main St
- Year built
- 2002
- Lot size
- 0.12 lot acres
- Zone code
- C5 CENT
- Property type
- Retail space
- APN
- 06-06-12-183-032
- APU
- 60612183032
Description
This exceptional 2,941-square-foot commercial space, formerly the popular Chelsea Ale House, is ideally situated on Main Street in the heart of downtown Chelsea. The property offers high visibility and significant foot traffic, benefiting from its prime location within a vibrant downtown area. The space features charming hardwood floors and exposed brick walls, creating a warm and inviting atmosphere. Included is 2,591 square feet of main floor space and an additional 255 square feet of basement storage. Existing restaurant equipment is available, making it an excellent opportunity for a food service business or similar venture. The property includes a private restroom and convenient access to shared restrooms. Ample parking is available both on the street and in a rear lot. The building itself boasts a modern and professional facade. This location is part of a thriving downtown scene, home to popular destinations such as the Purple Rose Theater and the Jiffy Mix Company, and benefits from the annual Chelsea Community Fair, Sounds & Sights music festival, nearby DTE bike trail, B2B hiking trail, and Waterloo Recreation Area. The property is zoned DT (Downtown Mixed Use), offering versatility for various business types. The APN is 06-06-12-183-032. This is a rare opportunity to establish a business in a highly desirable and well-established downtown location. The property is a single-tenant space within a larger building totaling 27,280 square feet. The cross street is Middle Street.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,272,000
- AI Estimate
- $1,272,000
Market price range: $686k - $1.46MMarket price range: $686k - $1.46M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,115,000 Current use
- OFFICE BUILDING
- $1,460,000 Change: +31% Conversion: Easy
- COMMERCIAL (GENERAL)
- $1,385,000 Change: +24% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chelsea
- County
- Washtenaw
- State
- Michigan
- Longitude
- -84.0201
- Latitude
- 42.3176
- CBSA code
- 11460
- CBSA name
- ANN ARBOR, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$26,430
$0.00
$0.00
$581,100
-
$0.00
$0.00
$1,162,200
