102 Grove StDelton, MI 49046

Property Details for 102 Grove St

Year built

1900

Lot size

0.18 AC

Property size (Sq ft)

4,150 SF

Zone code

GENERAL COMMERC

Property type

Retail space

APN

08-03-070-006-00

APU

80307000600

Description

This exceptional 0.31-acre property located at 102 S Grove in Delton, Michigan, presents a unique investment opportunity. The building, formerly used as a garage and tire shop, is currently vacant and offers a completely blank slate for a wide range of business ventures. Its prime location in the heart of Delton ensures high visibility and accessibility for customers. The substantial size of the building provides ample space for various uses, from automotive services and retail operations to a restaurant or cafe. The absence of existing tenants allows for complete customization to suit the specific needs of the new owner. The property's versatility makes it an ideal choice for entrepreneurs seeking to establish a new business or for existing businesses looking to expand their operations. The 0.31-acre lot offers potential for outdoor storage or expansion, further enhancing its appeal. This is a rare opportunity to acquire a well-situated property with significant potential for growth and profitability in a thriving community. The asking price is $152,200. Serious inquiries are encouraged. The property is ready for immediate occupancy. The building's structure is sound and ready for renovation or repurposing. This is a chance to create a thriving business in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $611,828

  6.5%

  $564,764

  7%

  $524,424

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,362,154

  Geo Method

  $1,362,154

• Alternative Use

  Use

  Valuation

  Residential

  $476,400

  Hospitality

  $436,379

  Educational

  $363,063

  Medical

  $375,549

  Retail

  $564,764

Location Insight

City

Delton

County

Barry

State

Michigan

Latitude

42.5

Longitude

-85.4078

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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