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Property profile & analytics
OFF-MARKET Estimated value $590,000
Commercial real estate

153 Main St Gregory, MI 48137-9592

6,598 SF 0.39 ac lot Built 1940
Entity Owned 5-yr Hold Free & Clear
Property ID
US43-1401406
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1940
Total area 6,598 SF
Lot 0.39 ac (17,163 SF)
APN 13-22-301-040
UPID US43-1401406
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
  • Gregory Market Grocery & Convenience Store Food Market
  • ATM Atm
  • Cash2Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$755k
Comparable Approach Comparable
$452k
Blend (final) Blend
$590k
Owner & transaction history
Gregory Main Street LLC · 5 yrs held
Gregory Main Street LLC
since 2021
Last sale
$600,000
3 recorded transactions
2021
$600,000
2005
Price N/A
2003
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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