153 Main St, Gregory, MI 48137-9592
- Commercial real estate
- 6,598 SF
- 0.39 lot acres
Current Use by Public Records
- Gregory Market / Grocery & Convenience Store / Food Market
- ATM / Atm
- Cash2Bitcoin ATM / Atm
Property Details for 153 Main St
- Year built
- 1940
- Lot size
- 0.39 lot acres
- Property type
- Commercial real estate
- APN
- 13-22-301-040
- APU
- 1322301040
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 22, 2021 | $600,000 | Gregory Main Street LLC | Catherine Looby Collins | Warranty Deed | — |
| Dec 19, 2005 | — | Samona Investments Corp | Looby Catherine Trust | Grant Deed · related | — |
| Jan 10, 2003 | — | Looby,tr | Looby,catherine A | Quit Claim Deed · related | — |
Description
This exceptional 6,598 square foot industrial property, located at 153 MAIN in the heart of downtown Gregory, Michigan, presents a unique investment opportunity. Currently operating as a thriving market and convenience store, this business boasts a valuable liquor license, significantly enhancing its profitability. The property sits on a 0.39-acre lot, offering ample space for operations and potential expansion. Its strategic corner location provides excellent visibility and accessibility, ensuring high foot traffic and customer convenience. The property is zoned B-1 Local Business District, allowing for a variety of commercial uses. This is a turnkey operation with significant upside potential. Note that additional adjacent land is available for purchase, offering the possibility of further development or expansion of the existing business. The property's prime location and existing business make it an attractive investment for both seasoned entrepreneurs and new business owners looking to establish a presence in a vibrant downtown area. The asking price is $849,900. Serious inquiries only. Further details are available upon request. This is a rare opportunity to acquire a well-established business with significant growth potential in a desirable location. Don't miss out on this exceptional offering.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $675,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $815,000
- 6.5%
- $755,000
- 7%
- $700,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $452,000
- AI Estimate
- $452,000
Market price range: $452k - $1.25MMarket price range: $452k - $1.25M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Gregory
- County
- Livingston
- State
- Michigan
- Longitude
- -84.0839
- Latitude
- 42.4597
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
