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Property profile & analytics
OFF-MARKET
Retail space

141 Grand Riv Ave Williamston, MI 48895-1449

7,584 SF 0.11 ac lot Built 1870
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US43-1709337
Property summary
AI-generated overview

This exceptional 7,584 square foot, two-story storefront property at 141 E Grand River Avenue in Williamston, Michigan, presents a remarkable redevelopment opportunity. Built in the late 1870s, this Class B building boasts a rich history, having served as the Masonic Temple Association and the Sign of the Pineapple antique store. The property features a traditional retail storefront on the first floor and a spacious, open floor plan on the second floor, ideal for various uses. Each floor includes its own bathrooms and separate entrances/exits. A recently installed spiral staircase, costing approximately $15,000, connects the two levels. Ample parking is available both in front of and behind the building. Currently, the property is 50% occupied with a single tenant on a month-to-month lease at $75. The asking price is $349,900, translating to $46.14 per square foot. The property is zoned for commercial use and offers significant potential for investors seeking a project in the thriving Williamston community. The building's size and location make it eligible for state and federal grant funding. This is a unique chance to acquire a substantial property with significant upside potential.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1870
Total area 7,584 SF
Lot 0.11 ac (4,835 SF)
Zoning code C-1
APN 33-18-03-36-352-016
UPID US43-1709337
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
  • Masonic Temple Association Or Organization
  • 141 Design Company Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Tres Hijos Properties LLC · 1 yrs held
Tres Hijos Properties LLC
since 2024
1 recorded transaction
2024
$235,000
Zoning & alternative use
C-1 · Williamston, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Section 74-2.306 C-1 Central Business District STATEMENT OF PURPOSE The C-1 Central Business District is intended to permit a variety of commercial, administrative, financial, civic, cultural, residential, entertainment, and recreational activities in an effort to provide a harmonious mix of activities that serve to enhance the district as a commercial and s…

Zone name Central Business
General category CIVIC_INSTITUTIONAL
Zone area 33.92 ac
Source Zoning map - Williamston, MI
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