Property profile

80820 Main St Memphis, MI 48041

OFF-MARKET
Retail space
Property ID
US43-4753459
1,242 SF 0.06 ac lot Built 1900
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Total area 1,242 SF
Lot 0.06 ac (2,396 SF)
Zoning code RETAIL < 5K S
APN 04-03-02-201-008
UPID US43-4753459

Cap rate & NOI

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

Location

80820 Main St Memphis, MI 48041-4907
Memphis metro Census 210000 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
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Comparable Approach Comparable
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Blend (final) Blend
$70k

Owner & transaction history

since 2025
Last sale
$80,000
6 recorded transactions
2025
$80,000
2008
$35,000
2008
$9,997
2006
$28,000
2006
$57,432
2006
$5,000

Zoning & alternative use

RETAIL < 5K S · Memphis, MI

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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