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    OFF-MARKET
    Retail space

    119 Main St, Elsie, MI 48831-5113

    3,080 SF 0.15 ac lot
    Individually Owned 5-yr Hold Free & Clear
    Property ID
    US43-2141689
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Total area 3,080 SF
    Lot 0.15 ac (6,578 SF)
    Zoning code C-1
    APN 061-190-001-013-01
    UPID US43-2141689
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Zaggam R Cheema · 5 yrs held
    Zaggam R Cheema
    since 2020
    Last sale
    $15,000
    4 recorded transactions
    2020
    2017
    $15,000
    2011
    $1,462
    2009
    $35,000
    Zoning & alternative use
    C-1 · Elsie, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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