118 3rd St, Imlay City, MI 48444-1320
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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.