119 Main St, Elsie, MI 48831-5113
This exceptional retail storefront, located at 119 E Main St in Elsie, Michigan, presents a unique investment opportunity. Priced at $30,000, this 3,080 square foot building sits on a 6,556 square foot lot. Currently vacant, the property offers significant potential for repurposing. The building's prime downtown location near the intersection of S. Ovid/Hollister and E. Main/Island streets provides excellent visibility and accessibility. The property includes two separate spaces, ideal for owner-occupancy or generating rental income. Its quaint setting in downtown Elsie offers a charming atmosphere for a variety of businesses. The building's size and layout are adaptable to various uses, including retail, storage, or even conversion into a multi-unit property. While the property requires some tender loving care (TLC), the substantial square footage offers exceptional value for the asking price. The address encompasses both 119 and 123 E Main St. This is a rare chance to acquire a substantial property in a desirable downtown location at an attractive price point. Don't miss this opportunity to establish your business or expand your investment portfolio in this charming Michigan town. The zip code is 48831.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Elsie, MIElsie. Always verify with local authorities before improvements.
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.