162 N Michigan Ave Shelby, MI 49455
For Sale
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This unique 7,900 square foot industrial property, situated on a 0.41-acre lot at 162 N Michigan in downtown Shelby, Michigan, presents a remarkable investment opportunity. The building boasts a substantial retail space and office area on the main floor, ideal for a variety of commercial uses. Upstairs, a spacious apartment features high ceilings, hardwood floors, and recently updated furnace and water heater. This upper level also includes a sizable area previously used as a Masons Lodge, offering significant additional space for various purposes. The property's versatility is further enhanced by an attached warehouse, complete with a drive-in door, perfect for storage, workshop use, or expansion of existing operations. The building's prime corner location ensures high visibility and convenient access to all amenities. Its proximity to Silver Lake and Lake Michigan provides easy access to the area's abundant outdoor recreational opportunities. The combination of commercial space, residential living, and ample storage makes this property a truly exceptional find. The property is priced at $184,900. This is a rare chance to acquire a historic building with significant potential in a desirable location. The possibilities are endless for a creative and ambitious buyer.
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Treasures 2 antiques and collectibles Home Decor Store (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.
