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502 Grand Riv Ave 12 Williamston, MI 48895-1532

OFF-MARKET Retail space Google Maps
864 SF 0.22 ac lot Built 1948
Entity Owned Free & Clear
Estimated value (blended)
$280k
Range $252k – $308k (±10%)
Property ID US43-1830782

Property summary

AI-generated overview

This exceptional 864-square-foot commercial property, located at 502 E Grand River Avenue Unit 502 in Williamston, Michigan, presents a remarkable opportunity for entrepreneurs and established businesses alike. Situated on a 0.22-acre lot in the vibrant heart of downtown Williamston, this property enjoys unparalleled visibility and accessibility. The interior boasts a turnkey condition, with two spacious areas ready for immediate occupancy. Two separate storage areas provide added convenience and functionality. The space is currently configured to allow for a variety of uses, offering flexibility for diverse business needs. Zoned C-3 Mixed Use, this property is ideally suited for a range of commercial ventures, from retail establishments to professional office spaces. The large lot provides ample room for potential expansion, allowing businesses to grow and adapt within the property. The property's prime location ensures high foot traffic and excellent exposure, making it an exceptional investment for those seeking a thriving commercial presence in a desirable Michigan community. The asking price is $165,000. This is a rare opportunity to acquire a well-maintained, versatile commercial space in a dynamic downtown setting.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1948
Total area 864 SF
Lot 0.22 ac (9,583 SF)
Zoning code C-3
APN 33-18-03-36-378-001
UPID US43-1830782

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate 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
$280k

Owner & transaction history

since 2026
4 recorded transactions
2026
Price N/A
2026
$120,000
2025
Price N/A
2021
$147,000

Zoning & alternative use

C-3 · Williamston, MI
Zoning description

Section 74-2.308 C-3 Mixed Business District The C-3 mixed business district is intended to accommodate a mixture of commercial and residential land uses. This district applies to the properties bordering Grand River Ave…

General category COMMERCIAL

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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