Technical
Financial
Distress signals
Property profile

121 Phelps St Decatur, MI 49045

OFF-MARKET
Office buildings
Property ID
US43-2032417
2,210 SF 0.06 ac lot Built 1920
Entity Owned 4-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Publishing House Newspaper & Magazine

Location

121 Phelps St Decatur, MI 49045-1117
Decatur metro Census 11601 KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$60k

Owner & transaction history

since 2021
1 recorded transaction
2021
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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