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32605324
32605333

107 E Delaware Street, Decatur, MI 49045

EXP Realty LLC
Listed by EXP Realty LLC
$650,000
26 days on market
Updated 0 days ago

107 E Delaware Street

Details
APN 80-43-040-294-11
Property Type Retail
Sub Type Storefront
Square Footage 6,680
Units 4
NOI $7,350
Year Built 1992
Year Renovated 2020
Buildings 1
Stories 3
Acreage 0.540
Parking Spaces 40 spaces
Parking Per SqFt 5.99
Ownership LLC

Retail | 6,680 SqFt

Marketing description

This well-located mixed-use property in the heart of downtown Decatur offers a rare combination of stable commercial and residential income. The entire building above grade is 6,680 sq ft with a 3340 Sq Ft full finished basement. The main floor and basement is fully leased to Sun Provisions, a long-term tenant operating under an absolute net lease, providing predictable, hands-off income for the owner. The commercial space anchors the building and offers excellent visibility and foot traffic and prime owned billboard in the downtown corridor along with three residential units on the second floor.
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EXP Realty LLC
Listed by EXP Realty LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$7,350.00
$612.50/mo

Valuation Metrics

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DSCR
1.13%
Cap Rate
1.13%
ROI

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