403 Main St Belding, MI 48809-1677
- Commercial real estate
- 1,456 SF
- 0.20 lot acres
Current Use by Public Records
- Stratosphere HVAC Pros / Hvac Contractor
- Mc Fadden Law Offices / Attorney
Property Details for 403 Main St
- Year built
- 1984
- Lot size
- 0.20 lot acres
- Property size
- 1,456 SF
- Zone code
- B-1
- Property type
- Commercial real estate
- APN
- 34-403-200-000-160-00
- APU
- 3440320000016000
Description
This exceptional 1,456 square foot commercial building is ideally situated in the heart of downtown Belding, Michigan, on a 0.2-acre lot. The property boasts a versatile B-1 General Business zoning, making it suitable for a wide range of uses including office space, medical facilities, retail establishments, and even restaurants. The main level features a welcoming enclosed foyer, a spacious waiting room, a reception area, three or more private offices, a well-equipped kitchen, two restrooms, and a dedicated meeting room, complemented by ample storage closets. The building also includes a full, unfinished basement, offering significant potential for expansion or additional storage. Recent significant improvements enhance the property's value and functionality. The roof, siding, exterior doors, and windows were all replaced in 2013. Furthermore, a substantial investment was made in January 2023 to replace the sewer line system from the building to the road, exceeding $13,000. The heating and air conditioning systems underwent thorough inspection and servicing in August 2023, ensuring optimal functionality. This turnkey property presents a fantastic opportunity for a new business venture, a company seeking expansion, or an entrepreneur looking for an established space to operate independently. Existing furnishings are available for negotiation. Priced competitively at $159,000, this property offers an excellent return on investment.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $255,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $245,000
- 6.5%
- $225,000
- 7%
- $210,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $178,000
Market price range: $60.3k - $199k
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Belding
- County
- Ionia
- State
- Michigan
- Longitude
- -85.2332
- Latitude
- 43.0976
- CBSA code
- 24340
- CBSA name
- GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA