121 Phelps St, Decatur, MI 49045-1117
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.
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Decatur Republican Publishing House Newspaper & Magazine
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.