117 Main St, Walkerville, MI 49459-8406
This expansive 7,400 square foot industrial building presents a remarkable opportunity in the heart of Walkerville, Michigan. The steel-constructed structure sits on a 0.35-acre lot and boasts a rich history, having previously served as a grocery store, hardware store, and office space. This versatility makes it ideal for a wide range of businesses. The property's location in downtown Walkerville offers excellent visibility and accessibility. Walkerville itself is a thriving community known for its outdoor recreation opportunities, with proximity to the Manistee National Forest and numerous lakes providing access to hunting, boating, and fishing. This presents a unique chance to cater to the active lifestyle of the local population. The building's substantial size allows for diverse uses, from retail ventures and storage solutions for boats and RVs to service-oriented businesses supporting the outdoor recreation community. The asking price of $95,000 makes this a compelling investment opportunity for entrepreneurs and investors seeking a well-located, adaptable property with significant potential for growth and return. The property's adaptable layout and prime location offer a rare chance to establish a thriving business in a vibrant community. This is a truly unique opportunity to capitalize on the area's strong outdoor recreation focus and the building's versatile past uses.
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
Property description
Physical attributes from public recordsZoning & alternative use
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.