Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    124 State St D, Montrose, MI 48457-7716

    2,405 SF 0.04 ac lot
    Individually Owned 14-yr Hold Free & Clear
    Property ID
    US43-0049033
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 2,415 square foot, two-unit building situated on a 0.04-acre lot in the heart of downtown Montrose, Michigan. The property features a fully equipped storefront, perfectly set up for immediate operation as a pizza restaurant. All necessary equipment is included, encompassing a large Hobart mixer, a Vulcan oven, ample refrigeration (coolers), sinks, countertops, and a cash register – everything needed to begin serving customers immediately. The second unit is a nicely updated two-bedroom apartment, providing additional income potential through rental. This apartment could serve as living quarters for the business owner or generate rental income, offering immediate financial returns. The building's prime downtown location ensures high visibility and accessibility, maximizing its potential for success. Priced at $74,900, this property represents a rare chance to acquire a turnkey business and residential space in a thriving community. The combination of a ready-to-operate pizza shop and a rentable apartment makes this an attractive proposition for both entrepreneurs and investors seeking a strong return on investment. Don't miss this chance to take control of your financial future. This property is priced to sell and ready for immediate occupancy and profitability.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Total area 2,405 SF
    Lot 0.04 ac (1,873 SF)
    APN 60-17-581-002
    UPID US43-0049033
    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
    • Montrose Candy & Ice Cream Specialty Food Shop Candy Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Matthew L Gekeler · 14 yrs held
    Matthew L Gekeler
    since 2012
    Last sale
    $70,000
    2 recorded transactions
    2012
    2006
    $45,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 124 State St, Unit D?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message