319 Broadway StMount Pleasant, MI 48858

Property Details for 319 Broadway St

Lot size

0.39 AC

Property size (Sq ft)

800 SF

Zone code

CD-5

Property type

Industrial properties

APN

17-000-15-857-00

APU

170001585700

Description

This bank-owned, single-story, 3,205 square foot commercial building in Mount Pleasant, Michigan, presents a compelling investment opportunity. Built in 1996, this former bank branch boasts a versatile layout ideal for multiple tenants. The main floor features a reception area, walk-in vault, safe, four large offices, ample storage, and a drive-through window. A surveillance system is in place. The lower level includes a large conference room, restrooms, additional storage, mechanical rooms, and three more offices, accessible via two exterior stairwells. Situated on a 0.35-acre lot, the property offers approximately 20 parking spaces and three drive-through lanes. The building benefits from a newer boiler and air handling system. Exterior features include a flat roof. The property is zoned for office use and includes a five-year deed restriction limiting use to financial institutions. This auction property has an opening bid of $50,000. The APN is 17-000-00-077-00. Further details, photos, and terms are available online.

• CAP approach

  CAP return

  Valuation

  6%

  $158,998

  6.5%

  $146,767

  7%

  $136,284

• Comparable approach

  Method

  Valuation

  Relative Method

  $166,720

  Geo Method

  $166,720

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $66,708.60

  Mixed-Use / Specialty

  $59,731

  Hospitality / Lodging

  $35,047.80

  Office

  $52,356.20

  Institutional / Educational

  $59,687.30

  Residential Income

  $69,834.20

  Multifamily

  $121,120

  Automotive / Energy

  $51,160.60

  Parking / Income-Based Land

  $24,313.70

  Restaurant / Food Service

  $16,682.60

  Healthcare / Senior Housing

  $68,164.50

Location Insight

City

Mount Pleasant

County

Isabella

State

Michigan

Latitude

43.6043

Longitude

-84.7818

CBSA code

34380

CBSA name

MOUNT PLEASANT, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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