203 Main StWayland, MI 49348

Property Details for 203 Main St

Year built

1955

Lot size

0.21 AC

Property size (Sq ft)

1,813 SF

Property type

Retail space

APN

56-400-021-00

APU

5640002100

Description

This exceptional 3,100 square foot commercial building at 203 N Main in Wayland, MI, presents a unique opportunity for entrepreneurs. Situated on a 0.21-acre lot at the edge of the business district, this property boasts ample paved parking and a large storage area. Currently operating as a successful hair salon (The Hair Cut Hut), the space comfortably accommodates 6-8 styling stations, with additional room readily available for expansion into massage therapy, nail services, or a combination thereof. The building's versatility is further highlighted by its past uses as an auto detailing shop and auto parts store, demonstrating its adaptability to a variety of businesses. Significant upgrades were completed approximately 10 years ago, including a complete remodel, a new furnace, water heater, air conditioning system, and roof replacement, ensuring the building is well-maintained and ready for immediate occupancy. The asking price is $425,000. This property offers a compelling investment opportunity for those seeking to establish a new business, expand an existing one, or acquire a profitable, established salon in a thriving community. Don't miss this chance to own a piece of Wayland's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $166,724

  6.5%

  $153,899

  7%

  $142,906

• Comparable approach

  Method

  Valuation

  Relative Method

  $595,081

  Geo Method

  $595,081

• Alternative Use

  Use

  Valuation

  Residential

  $129,819

  Hospitality

  $118,914

  Educational

  $98,935

  Medical

  $102,338

  Retail

  $153,899

Location Insight

City

Wayland

County

Allegan

State

Michigan

Latitude

42.6752

Longitude

-85.6436

CBSA code

26090

CBSA name

HOLLAND, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].