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Property profile & analytics

121 Phelps St Decatur, MI 49045-1117

  • Office buildings
  • 2,210 SF
  • 0.06 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-2032417
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Decatur Republican / Newspaper Publisher

Property Details for 121 Phelps St

Year built
1920
Lot size
0.06 lot acres
Property size
2,210 SF
Property type
Office buildings
APN
80-43-040-319-00
APU
804304031900

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

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Location Insight

  • Map
  • Local Demand
City
Decatur
County
Van Buren
State
Michigan
Longitude
-85.9735
Latitude
42.1083
CBSA code
28020
CBSA name
KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$1,520
$0.00
$0.00
$38,100
-
$0.00
$0.00
$76,200
More about this property
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