127 Main StMiddleville, MI 49333

Property Details for 127 Main St

Lot size

0.06 AC

Property size (Sq ft)

2,280 SF

Property type

Office buildings

APN

08-41-001-009-00

APU

84100100900

Description

This exceptional 2,280 square foot industrial building presents a prime investment opportunity in the heart of Middleville, Michigan. Situated on a 0.06-acre lot at 127 E Main Street, this property offers significant flexibility and potential for diverse uses. Currently configured as two units, the building's layout allows for expansion to four units, catering to a variety of business needs. The property has received approval for multiple mixed-use designations, opening doors to creative development strategies. The possibility of incorporating residential units adds another layer of potential revenue streams. The building is completely vacant and ready for immediate occupancy, allowing new owners to customize the space to perfectly match their vision. Furthermore, the property is eligible for Downtown Development Authority (DDA) grants, potentially covering exterior facade upgrades, enhancing curb appeal and property value. This presents a unique chance to acquire a well-located, adaptable commercial space with significant upside potential in a thriving downtown area. The asking price is $249,900. Don't miss this chance to own a piece of Middleville's vibrant commercial landscape. The property's versatility and potential for growth make it an attractive investment for both seasoned developers and first-time buyers. Act quickly to secure this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $142,632

  6.5%

  $131,660

  7%

  $122,256

• Comparable approach

  Method

  Valuation

  Relative Method

  $296,970

  Geo Method

  $296,970

• Alternative Use

  Use

  Valuation

  Residential

  $163,259

  Hospitality

  $149,544

  Educational

  $124,419

  Medical

  $128,698

  Retail

  $193,541

Location Insight

City

Middleville

County

Barry

State

Michigan

Latitude

42.7121

Longitude

-85.4642

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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