80820 Main St, Memphis, MI 48041-4907
This 1,242 square foot industrial storefront is located at 80820 Main Street in the heart of downtown Memphis, Michigan, on busy M19. The all-brick building boasts a newer roof, furnace, and air conditioning system, ensuring efficient and comfortable operation. A newer commercial hood fan is already installed, presenting a significant advantage for food-related businesses. The property offers numerous investment or business possibilities, with ample space for a variety of ventures. There is currently no direct competition in Memphis for businesses such as pizzerias, coffee shops, breakfast diners, or other eateries. The building includes a partial basement, providing additional storage or workspace, and features two bathrooms for convenience. Access is provided via both front and rear entrances. The 0.06-acre lot offers convenient access and visibility. The property is available for purchase at $120,000 and is also available for lease at $1,500 per month with land contract terms. This is a rare opportunity to establish a business in a thriving downtown location with minimal competition. The combination of a well-maintained building and a prime location makes this an exceptional investment prospect.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
RETAIL < 5K S · Memphis, MIMemphis. Always verify with local authorities before improvements.
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.