Property summary
This exceptional 8,460-square-foot industrial property, located at 207 S Superior in Albion, Michigan, presents a unique investment opportunity. Situated on a 0.24-acre lot, the building boasts a beautifully restored first floor, originally part of an older bank. The first floor offers significant usable space, ideal for a variety of industrial or commercial uses. The second floor, while requiring renovation, presents substantial potential. Imagine transforming this space into apartments, capitalizing on the building's historical charm and existing high-quality features. The second floor currently features impressive marble wainscoting and travertine flooring throughout most of its area, showcasing the building's rich history. While some fixtures, such as older sinks, remain from a previous era, they add to the building's character and historical significance. This property offers a blend of preserved historical details and significant renovation potential, making it an attractive proposition for investors seeking a unique and potentially high-return project. The building's prime location in Albion, Michigan, adds to its appeal. This is a rare chance to acquire a piece of Albion's history and shape its future. Don't miss this opportunity to own a substantial and historically significant industrial building.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Printing Service
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The Central Business District is intended to provide for a variety of retail and office services which serve the needs of a consumer trade area that extends beyond the corporate boundaries of the City. This district is c…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
CBD · Albion, MIThe Central Business District is intended to provide for a variety of retail and office services which serve the needs of a consumer trade area that extends beyond the corporate boundaries of the City. This district is c…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The Central Business District is intended to provide for a variety of retail and office services which serve the needs of a consumer trade area that extends beyond the corporate boundaries of the City. This district is c…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CBD in Albion, MI.
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