117 Phelps St Decatur, MI 49045-1008
This 1,288 square foot commercial building presents a unique opportunity for entrepreneurs seeking a prime location in Decatur, Michigan's vibrant downtown area. Situated on a 0.05-acre lot at 117 S Phelps Street, this property offers a blank canvas for your business vision. The building features large, open rooms perfect for a variety of commercial uses, complemented by smaller, private rooms in the rear, providing flexibility for different operational needs. The "as-is" sale condition allows for complete customization and renovation to suit your specific requirements. This is a chance to establish your business in a charming, established community with significant potential for growth. The property's central location offers excellent visibility and accessibility, making it an attractive option for a wide range of commercial ventures. Don't miss this chance to secure a foothold in the heart of Decatur. The asking price is $10,000. Act quickly to capitalize on this exceptional opportunity.
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Meraclegro Garden Soil Gas Station
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
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.