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    OFF-MARKET
    Commercial real estate

    117 Main St, Walkerville, MI 49459-8406

    0.27 ac lot
    Individually Owned 12-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-3166815
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.27 ac (11,718 SF)
    APN 047-712-003-00
    UPID US43-3166815
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Robert Zack · 12 yrs held
    Robert Zack
    since 2013
    1 recorded transaction
    2013
    $60,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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