Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Sec. 15-309. C-1 Downtown Commercial district. The purpose of the Downtown Commercial district is to provide for commercial uses in Elsie's established downtown development district that will strengthen the downtown's po…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Elsie, MISec. 15-309. C-1 Downtown Commercial district. The purpose of the Downtown Commercial district is to provide for commercial uses in Elsie's established downtown development district that will strengthen the downtown's po…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Sec. 15-309. C-1 Downtown Commercial district. The purpose of the Downtown Commercial district is to provide for commercial uses in Elsie's established downtown development district that will strengthen the downtown's po…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-1 in Elsie, MI.
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Find the owner behind the property.
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