502 Grand River AveWilliamston, MI 48895

Property Details for 502 Grand River Ave

Year built

1948

Lot size

0.22 AC

Property size (Sq ft)

864 SF

Zone code

C-3

Property type

Retail space

APN

33-18-03-36-378-001

APU

33180336378001

Description

This exceptional 864-square-foot commercial property, located at 502 E Grand River Avenue Unit 502 in Williamston, Michigan, presents a remarkable opportunity for entrepreneurs and established businesses alike. Situated on a 0.22-acre lot in the vibrant heart of downtown Williamston, this property enjoys unparalleled visibility and accessibility. The interior boasts a turnkey condition, with two spacious areas ready for immediate occupancy. Two separate storage areas provide added convenience and functionality. The space is currently configured to allow for a variety of uses, offering flexibility for diverse business needs. Zoned C-3 Mixed Use, this property is ideally suited for a range of commercial ventures, from retail establishments to professional office spaces. The large lot provides ample room for potential expansion, allowing businesses to grow and adapt within the property. The property's prime location ensures high foot traffic and excellent exposure, making it an exceptional investment for those seeking a thriving commercial presence in a desirable Michigan community. The asking price is $165,000. This is a rare opportunity to acquire a well-maintained, versatile commercial space in a dynamic downtown setting.

• CAP approach

  CAP return

  Valuation

  6%

  $217,422

  6.5%

  $200,698

  7%

  $186,362

• Comparable approach

  Method

  Valuation

  Relative Method

  $203,663

  Geo Method

  $203,663

• Alternative Use

  Use

  Valuation

  Residential

  $169,296

  Hospitality

  $155,074

  Educational

  $129,020

  Medical

  $133,457

  Retail

  $200,698

Location Insight

City

Williamston

County

Ingham

State

Michigan

Latitude

42.6877

Longitude

-84.2776

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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