141 Grand River AveWilliamston, MI 48895

Property Details for 141 Grand River Ave

Year built

1870

Lot size

0.11 AC

Property size (Sq ft)

7,584 SF

Zone code

C-1

Property type

Retail space

APN

33-18-03-36-352-016

APU

33180336352016

Description

This exceptional 7,584 square foot, two-story storefront property at 141 E Grand River Avenue in Williamston, Michigan, presents a remarkable redevelopment opportunity. Built in the late 1870s, this Class B building boasts a rich history, having served as the Masonic Temple Association and the Sign of the Pineapple antique store. The property features a traditional retail storefront on the first floor and a spacious, open floor plan on the second floor, ideal for various uses. Each floor includes its own bathrooms and separate entrances/exits. A recently installed spiral staircase, costing approximately $15,000, connects the two levels. Ample parking is available both in front of and behind the building. Currently, the property is 50% occupied with a single tenant on a month-to-month lease at $75. The asking price is $349,900, translating to $46.14 per square foot. The property is zoned for commercial use and offers significant potential for investors seeking a project in the thriving Williamston community. The building's size and location make it eligible for state and federal grant funding. This is a unique chance to acquire a substantial property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,908,485

  6.5%

  $1,761,679

  7%

  $1,635,845

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,787,706

  Geo Method

  $1,787,706

• Alternative Use

  Use

  Valuation

  Residential

  $1,486,042

  Hospitality

  $1,361,206

  Educational

  $1,132,508

  Medical

  $1,171,456

  Retail

  $1,761,679

Location Insight

City

Williamston

County

Ingham

State

Michigan

Latitude

42.6894

Longitude

-84.2824

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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