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    OFF-MARKET
    Office buildings

    121 Phelps St, Decatur, MI 49045-1117

    2,210 SF 0.06 ac lot Built 1920
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US43-2032417
    Property summary
    AI-generated overview

    This exceptional business opportunity presents a vintage building ideally situated in the heart of Decatur, Michigan. Boasting a generous 2,210 square feet of main floor space, this property offers a versatile layout perfect for a variety of commercial uses. The interior features two dedicated office areas, a restroom, and ample open space, providing flexibility for different business needs. Significant storage is also available within the main floor area, addressing a key requirement for many businesses. Adding to its practicality, the property includes a substantial 1,600+ square foot basement, offering additional storage or potential for expansion. The building sits on a conveniently sized 0.05-acre lot, providing sufficient space for operations and potentially outdoor activities. The asking price of $70,000 represents a compelling investment opportunity in a desirable location. This property is ready for a new owner to bring their vision to life and capitalize on its considerable potential. The building's vintage charm combined with its functional layout and substantial space makes it an attractive option for entrepreneurs and established businesses alike. Its central Decatur location ensures high visibility and accessibility, making it an ideal choice for those seeking a thriving commercial environment. Don't miss this chance to acquire a well-positioned and versatile commercial property.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1920
    Total area 2,210 SF
    Lot 0.06 ac (2,788 SF)
    APN 80-43-040-319-00
    UPID US43-2032417
    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
    Current use
    Occupant on record · Public records
    • Decatur Republican Publishing House Newspaper & Magazine
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Moorman Printing INC · 4 yrs held
    Moorman Printing INC
    since 2021
    1 recorded transaction
    2021
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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