8603 Water St, Montague, MI 49437-1396
This exceptional 0.46-acre commercial property at 8603 Water Street in Montague, Michigan, presents a remarkable investment opportunity. Situated in the heart of downtown Montague, this building boasts a prime location directly behind Ellenwood Landing Estates & Marina and the Public Boat Launch. Its proximity to the Montague Farmers & Artesian Markets and the Bike Trail ensures high visibility and foot traffic. The building's rich history includes serving as the Montague Post Office, a deli/convenience store, a fishing supply store, and an antique shop, demonstrating its adaptability and consistent appeal. The property's versatility allows for a wide range of commercial uses, from a single business to a potential duplex conversion. The asking price is $189,000. This is a chance to capitalize on the thriving Montague market and establish a successful business in a highly desirable location. The building's strategic placement offers unparalleled access to the area's recreational amenities and bustling community atmosphere. Don't miss this opportunity to own a piece of Montague's vibrant commercial landscape. The possibilities are as limitless as the potential of this exceptional property. Contact us today to schedule a showing.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
R-1B SI · Montague, MIMontague. 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.