Property profile

125 W Water St Constantine, MI 49042

FOR SALE
Commercial real estate
Property ID
US43-0567247
0.37 ac lot
Entity Owned 4-yr Hold Free & Clear
Saved · see the list in your Dashboard
No photos on file
For Sale
Contact for pricing
125 W Water St, Constantine, MI 49042
View Listing →

Property summary

AI-generated overview

This exceptional 10,000 sq ft property, located at 125 W Water Street in Constantine, MI, presents a unique investment opportunity. The historically significant Harvey House, constructed in the 1800s by master carpenter John Bryan, boasts a prime waterfront location overlooking the St. Joseph River. The building has undergone significant renovations within the last two years, including electrical upgrades and roof replacement. Currently, the upper level comprises eight occupied residential units, all with a waiting list, generating substantial rental income. The main floor, currently operating as a restaurant and bar, offers further income potential. This turnkey operation includes the existing business, furnishings, and liquor license, available for purchase to the right buyer. A dedicated parking lot and a newly constructed deck overlooking the river enhance the property's appeal. The 0.48-acre lot provides ample space, and the building's mixed-use nature allows for diverse income streams. This is a rare chance to acquire a profitable, historically rich property with significant upside potential in a desirable location. The combination of established rental income, a thriving commercial space, and the building's historical significance makes this a truly exceptional investment. The property is ready for immediate income generation and offers a strong foundation for future growth.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.37 ac (16,117 SF)
APN 043-130-001-00
UPID US43-0567247

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
  • Restaurant

Location

125 W Water St Constantine, MI 49042
Constantine metro Census 41101 STURGIS, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$110k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$95k

Owner & transaction history

since 2022
Last sale
$100,000
3 recorded transactions
2022
$100,000
2018
$70,000
2018
$70,000

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
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?”
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