503 Maple Ave Bancroft, MI 48414-9752
This exceptional free-standing commercial building, located at 503 Maple Ave in Bancroft, Michigan, presents a unique investment opportunity. The property, situated on a 1.48-acre lot (APN 011-72-025-000), boasts a total of 14,279 square feet across two stories and is zoned B-2. Originally constructed in 1950, the building offers a versatile layout ideal for repurposing. The main structure comprises approximately 4,990 square feet, previously configured as a funeral home, including an office, lobby, and multiple gathering areas. An additional 2,650 square feet, formerly residential, provides further adaptable space. Significant storage potential exists with 4,362 square feet of unfinished basement space and an 891 square foot second-level storage area. A detached garage adds 1,386 square feet of additional utility. The property includes a large parking lot. Note that deed restrictions prohibit operation as a funeral home. This property is perfect for a variety of uses, including but not limited to a church or contractor's office. The asking price is $299,900. This is a single-tenant property.
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Watkins Brothers Funeral Homes Social Service Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.