Property profile

124 Main St 3 Capac, MI 48014

OFF-MARKET
Office buildings
Property ID
US43-4512444
2,688 SF 0.08 ac lot
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,500 square foot industrial building, situated at 124 N MAIN in Capac, MI, presents a unique investment opportunity. Built in 1912 and extensively renovated in 1997, the property boasts two distinct units, offering flexibility for various uses. The front unit, previously an accounting firm, features a spacious waiting room (12 x 21.5 ft), a support staff office (10 x 16 ft), an additional office (10 x 12 ft) with attached file room (10 x 6 ft), an accessible bathroom (7 x 9 ft), and a second file room (7 x 9 ft). A convenient break area with countertop, sink, and refrigerator (9 x 11 ft) completes this space. Access is available from both the front and rear entrances. The rear unit, formerly a tanning spa, comprises five rooms ideal for tanning beds or other uses: four stand-up tanning rooms and one larger room. This unit also includes an accessible bathroom, a small counter with sink, and a stackable washer and dryer. The 0.11-acre lot provides street parking on Capac Rd and two dedicated parking spaces at the rear. The property is priced at $289,900, and the Village of Capac taxes are $421.00 annually. This versatile building offers potential for continued use as two separate rental units or complete customization to suit individual business needs. Don't miss this chance to own a piece of Capac's history.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Total area 2,688 SF
Lot 0.08 ac (3,615 SF)
Zoning code VILLAGE
APN 74-40-950-0009-000
UPID US43-4512444

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
  • Tax Preparation

Location

124 Main St, Unit 3 Capac, MI 48014-3142
Capac metro Census 657100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$175k

Owner & transaction history

since 2018
1 recorded transaction
2018
Price N/A

Zoning & alternative use

VILLAGE · Capac, MI

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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