Property profile

4654 Water St Columbiaville, MI 48421

FOR SALE
Other commercial real estate
Property ID
US43-4380254
6,900 SF 0.17 ac lot
Entity Owned 10-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is a restored historic multi-use building located in downtown Columbiaville, Michigan, with a building area totaling 12,000 square feet: approximately 6,000 square feet across five main-level suites, 3,000 square feet on a second floor, and 3,000 square feet in an unfinished basement. Interior features include exposed 18-inch brick walls, beadboard ceilings, and original heart pine flooring, along with upgraded plumbing and mechanical systems and six 200-amp electrical panels. Commercial-grade doors and windows are present, and the property is sited on a 0.17-acre lot with ample downtown parking, providing access suitable for retail, office, or other commercial uses. The building is located between M-15 and M-24, about 10 miles north of I-69, and is positioned for visibility along the downtown corridor. In addition to the building, a vacant parcel behind the building and an adjacent lot are associated with the site and could allow for expanded access, including potential drive-through configuration. Nearby amenities include Holloway Reservoir Regional Park and the Southern Links Trailway, and the site is within several miles of lodging and major retail destinations.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 6,900 SF
Lot 0.17 ac (7,405 SF)
APN 043-501-005-00
UPID US43-4380254

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Clothing & Fashion Store

Location

4654 Water St Columbiaville, MI 48421
Columbiaville metro Census 331500 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2016
1 recorded transaction
2016
$72,000

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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