Property profile

244 W Main St Morenci, MI 49256

FOR SALE
Industrial properties
Property ID
US43-4608429
8,580 SF 0.15 ac lot Built 1925
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Property summary

AI-generated overview

This exceptional 8,580 square foot commercial property located at 244 W Main Street in the heart of Morenci, Michigan, presents a unique investment opportunity. The building, formerly a church and youth center, boasts a rich history and offers versatile space ideal for a variety of business ventures. Its three-story layout includes a basement, main floor, and upper level, providing ample room for diverse configurations. Imagine the possibilities: a retail space on the main floor, with office space above, or a completely unique business model utilizing the entire building. The 0.15-acre lot provides convenient access and visibility in the bustling downtown area. The building's substantial size and adaptable floor plan allow for creative customization to suit your specific business needs. This is a chance to own a piece of Morenci's history and shape its future. The property is priced competitively at $89,900, making it an attractive proposition for entrepreneurs and investors alike. Don't miss this rare opportunity to acquire a prominent downtown building with significant potential for growth and profitability. The building's solid construction and central location promise a strong return on investment. Contact us today to schedule a viewing and explore the possibilities this remarkable property offers.

Property profile

Verified
Property type Industrial properties
Year built 1925
Total area 8,580 SF
Lot 0.15 ac (6,534 SF)
UPID US43-4608429

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

244 W Main St Morenci, MI 49256
Morenci metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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