Property profile

118 3rd St Imlay City, MI 48444

OFF-MARKET
Commercial real estate
Property ID
US43-4373872
4,616 SF 0.12 ac lot
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional owner-user opportunity presents a vacant 2,584 square foot storefront located at 118-122 E Third Street in Imlay City, Michigan. Built in 1890, this Class D retail property sits on a 0.11-acre lot and is zoned B-2 (Central Business), offering significant potential for a variety of commercial uses. The two-story building provides ample space for a ground-floor retail operation, with a second-story area ripe for redevelopment, potentially into an apartment or additional commercial space. The asking price is $150,000, translating to $58.02 per square foot. The property's historic charm and central location in downtown Imlay City, Michigan (zip code 48444), make it an attractive investment for both established businesses and entrepreneurs seeking a unique space. The property features one building and is currently vacant, allowing for immediate occupancy and customization to suit the buyer's specific needs. The APN is I19-60-300-000-00. This is a rare chance to acquire a piece of Imlay City's history and shape its future. Serious inquiries are encouraged to explore this exciting redevelopment opportunity.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 4,616 SF
Lot 0.12 ac (5,264 SF)
APN I19-60-300-000-00
UPID US43-4373872

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

118 3rd St Imlay City, MI 48444-1320
Imlay City metro Census 339500 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$70k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$70k

Owner & transaction history

since 2024
Last sale
$69,000
1 recorded transaction
2024
$69,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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