141 Grand Riv Ave Williamston, MI 48895-1449
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.
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Masonic Temple Association Or Organization
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141 Design Company Home Decor Store Department Store
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…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Williamston, MISection 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 service center. This district is characterized by multiple story buildings, the presence of intense pedestrian activity, and is so located that the provision of off-street parking facilities by individual landowners is not necessary. Many persons entering the district will come by automobile and typically will park once to carry out several errands. PRINCIPAL PERMITTED USES SPECIAL LAND USES Mixed use dwelling unit Inn Hotel Bank or financial institution Health or exercise club or spa (small) Office Personal service establishment Bakery or confectionary Bar, tavern, or alcohol service establishment Dry cleaning shop Funeral home or mortuary Gallery or studio Place of assembly (up to 50 persons at max. occupancy) Restaurant Restaurant with outdoor sidewalk or patio dining Retail sales (indoor) • Retail sales (limited outdoor) • Trades showroom • Community service facility • Cultural or municipal use • Learning Center • Private club, fraternal organization, or lodge hall • Public parking lot • Religious Institution • School (vocational) • Public park or recreation facility • Gardening and cultivating of plants • Keeping of household animals or pets • Accessory building or structure • Home occupation • Roadside stand or market • Seasonal outdoor sales • Temporary use or construction Adult entertainment Place of assembly (51 or more persons at max. occupancy) School (college or university) Child care or day care center Essential Services Private recreation (small indoor) Agriculture bulk collection, storage, distribution Veterinary hospital or clinic Wireless telecommunications facility The above list is a summary of uses permitted by right or by special land uses approval in the district. Refer to Section 74-2.202 for standards and requirements applicable to permitted and special land uses. In case of a conflict between the above list and the uses listed in Table 1, Table 1 shall prevail. Refer to Article 12, Chapter 1 for definitions of each of the above listed uses. DIMENSION REGULATIONS Lot Standards Minimum Setbacks (ft.) Minimum Lot Width (ft.): none Minimum front yard (A): 0 Minimum Lot Area (sq.
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.