119 Main StChelsea, MI 48118

Property Details for 119 Main St

Year built

1900

Lot size

0.06 AC

Property size (Sq ft)

3,969 SF

Zone code

C5 CENT

Property type

Retail space

APN

06-06-12-183-020

APU

60612183020

Description

This exceptional 2,648-square-foot commercial space, located at 119 S Main St in Chelsea, Michigan (zip code 48118), presents a unique opportunity for a variety of businesses. The property, situated in the heart of downtown Chelsea, offers high visibility and significant foot traffic, ensuring maximum exposure. The building, renovated in 2024, features a charming blend of historic character and modern functionality. The main level encompasses 2,148 square feet (22' x 100'), providing ample space for retail or office use. An additional 500 square feet is available on the lower level, currently accessible via an internal staircase. The interior boasts exposed brick walls and hardwood flooring, creating an attractive aesthetic suitable for diverse build-out options. The C-5 (Central Business District) zoning allows for flexible use. Convenient parking is available both in the rear of the building and on the street. This single-tenant space, within a two-story building with 12-foot ceilings, is ideal for entrepreneurs seeking a prime location in a thriving downtown area. The property's combination of historic charm, modern updates, and excellent location makes it an exceptional investment opportunity. The address is easily accessible via Middle Cross Street.

• CAP approach

  CAP return

  Valuation

  6%

  $998,784

  6.5%

  $921,954

  7%

  $856,101

• Comparable approach

  Method

  Valuation

  Relative Method

  $935,576

  Geo Method

  $935,576

• Alternative Use

  Use

  Valuation

  Residential

  $777,703

  Hospitality

  $712,372

  Educational

  $592,685

  Medical

  $613,068

  Retail

  $921,954

Location Insight

City

Chelsea

County

Washtenaw

State

Michigan

Latitude

42.3175

Longitude

-84.0201

CBSA code

11460

CBSA name

ANN ARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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