113 Main StYale, MI 48097

Property Details for 113 Main St

Year built

1988

Lot size

0.19 AC

Property size (Sq ft)

2,150 SF

Property type

Turn key restaurants

APN

74-08-010-3006-000

APU

74080103006000

Description

This exceptional 2,300-square-foot industrial property located at 113 N MAIN, Yale, MI, presents a fantastic opportunity for a variety of businesses. Boasting ample space, this building is ideally suited for a range of commercial uses, from offices to restaurants. The property includes two bathrooms, adding convenience and functionality. The versatile layout allows for customization to meet specific business needs, offering significant potential for growth and expansion. Situated on a 0.24-acre lot, the property enjoys a prime location in Yale, MI. A key advantage is the building's proximity to Mill Creek. Furthermore, the owner is open to the possibility of selling an adjacent vacant lot to the north, concurrently with the sale of 113 N Main St., providing an opportunity for even greater expansion or development. This presents a unique chance to acquire a well-situated commercial property with significant potential for future development. The asking price for this exceptional property is $189,000. Don't miss this chance to secure a valuable asset in a thriving community. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $657,338

  6.5%

  $606,773

  7%

  $563,432

• Comparable approach

  Method

  Valuation

  Relative Method

  $506,800

  Geo Method

  $506,800

• Alternative Use

  Use

  Valuation

  Residential

  $511,836

  Hospitality

  $468,839

  Educational

  $390,069

  Medical

  $403,484

  Retail

  $606,773

Location Insight

City

Yale

County

St. Clair

State

Michigan

Latitude

43.1317

Longitude

-82.799

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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