Commercial Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30042392
Property Subtypes: Street Retail
Building Size (RSF): 3,500 SF
Gross Building Area: See Agent
Gross Land Area: 1,742 SF
Sale Price: $60,000
Unit Price: $17.14 PSF
Ceiling: 12 ft.
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/15/2017

Overview / Comments

Looking for a business opportunity? Move into the one bedroom apartment on the upper level and enjoy the old charm of the brick walls in an open concept living space. Run your business on the main level while living upstairs. Currently there is an established barber shop on the main floor with an apartment behind the barbershop. Many possiblities with the charming piece of history sitting on the corner of a busy intersection in downtown Decatur.

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Van Buren
Tax ID/APN: 8040304026800
Retail Clientele: General
Property Located Between: From I-94 head south on M-51. Building is on corner of M-51 and Phelps St at the stop light in Decatur.
Property Visibility: Excellent
Largest Nearby Street: M-51
Feet of Frontage: 105
Tenancy: Single Tenant
Total Number of Buildings: 1
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 3
Heat Type: Natural Gas
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,528 7,596
Median Age: 39.94 41.18
Households: 1,748 2,906


Photograph of Listing Agent

Joel Genzink

RE/MAX Lakeshore
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