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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    205 Main St, Hudson, MI 49247-1001

    2,720 SF 0.03 ac lot
    Entity Owned 4-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1684806
    Property summary
    AI-generated overview

    This unique 4,080 square foot industrial building is situated in the heart of historic downtown Hudson, Michigan, on a 0.03-acre lot. The property boasts a three-story structure, offering a versatile layout ideal for a variety of commercial uses. The ground floor features an open-concept design complete with a fully functional kitchen, perfect for a restaurant, retail space with a prep area, or a similar business requiring kitchen facilities. The second and third floors are currently unfinished, presenting a significant opportunity for future development. These upper levels hold substantial potential for conversion into residential apartments, adding a lucrative income stream or providing additional space for business expansion. The building's prime downtown location offers excellent visibility and accessibility, placing it within easy reach of local businesses, amenities, and residents. This property represents a rare chance to acquire a piece of Hudson's rich history and capitalize on its revitalized downtown area. The asking price is $70,000, making it an attractive investment opportunity for those seeking a versatile commercial space with significant upside potential. The existing kitchen on the first floor is a significant asset, reducing the initial investment required for certain commercial ventures. The building's solid foundation and substantial size provide a strong base for future renovations and adaptations to suit a wide range of business needs. This is a truly exceptional opportunity to own a piece of Hudson's vibrant past and shape its future.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Total area 2,720 SF
    Lot 0.03 ac (1,437 SF)
    APN XH0-000-0043-00
    UPID US43-1684806
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Garroth Properties LLC · 4 yrs held
    Garroth Properties LLC
    since 2022
    Last sale
    $75,000
    1 recorded transaction
    2022
    $75,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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