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Property profile & analytics
OFF-MARKET
Retail space

117 Phelps St Decatur, MI 49045-1008

1,720 SF 0.1 ac lot Built 1955
Individually Owned 1-yr Hold Free & Clear
Property ID
US43-2122599
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1955
Total area 1,720 SF
Lot 0.1 ac (4,312 SF)
APN 80-43-040-248-00
UPID US43-2122599
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
  • Meraclegro Garden Soil Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Brandon Wisher · 1 yrs held
Brandon Wisher
since 2025
5 recorded transactions
2025
$10,000
2024
$30,750
2023
Price N/A
2015
Price N/A
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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