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 Store / Supermarket
- ATM / Atm
- Cash2Bitcoin ATM / Atm
Property Details for 153 Main St
- Year built
- 1940
- Lot size
- 0.39 lot acres
- Property size
- 6,598 SF
- Property type
- Commercial real estate
- APN
- 13-22-301-040
- APU
- 1322301040
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 Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $675,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $645,000
- 6.5%
- $645,000
- 7%
- $635,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $540,000
- Geo Method
- $620,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $595,000
- Retail
- $635,000
- Mixed-Use
- $655,000
- Hospitality
- $600,000
- Educational
- $510,000
- Residential Income
- $650,000
- Energy
- $575,000
- Income-Based Land
- $695,000
- Food Service
- $665,000
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