Property summary
In Albion, the property is a two-story mixed-use building on a 0.16-acre lot with a total floor area of approximately 2,432 square feet. The main level provides about 980 square feet of commercial space configured for use as a professional office, boutique, or service business; it was previously operated as an insurance office and is laid out for occupancy. The upper level has a private entry and contains a two-bedroom apartment, supporting potential live-work use or separate rental. The exterior features updated siding and a covered front porch, and the site offers the potential for off-street parking. The building sits on a visible corner along S Superior Street, providing street exposure near downtown amenities, Albion College, and major routes.
Property profile
VerifiedCap rate & NOI
Current use
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Insurance Agency
Location
Value estimations
Owner & transaction history
Zoning & alternative use
MU district is intended to accommodate a mix of single-family and multiple-family residential uses, mixed uses, and business and office uses in addition to other compatible uses which support the primary uses in the dist…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
MU · Albion, MIMU district is intended to accommodate a mix of single-family and multiple-family residential uses, mixed uses, and business and office uses in addition to other compatible uses which support the primary uses in the dist…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
MU district is intended to accommodate a mix of single-family and multiple-family residential uses, mixed uses, and business and office uses in addition to other compatible uses which support the primary uses in the dist…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MU in Albion, MI.
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