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    OFF-MARKET
    Commercial real estate

    8603 Water St, Montague, MI 49437-1396

    1,920 SF 0.46 ac lot Built 1983
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US43-1365920
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1983
    Total area 1,920 SF
    Lot 0.46 ac (19,994 SF)
    Zoning code R-1B SI
    APN 61-21-161-015-0009-00
    UPID US43-1365920
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Kyle Krishman · 1 yrs held
    Kyle Krishman
    since 2025
    Last sale
    $184,000
    2 recorded transactions
    2025
    $184,000
    2017
    Zoning & alternative use
    R-1B SI · Montague, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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