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33843966
33844010

131 E Main Street, Vernon, MI 48476

$495,000
8 days on market
Updated 8 days ago

131 E Main Street

Details
APN 0126000301601
Property Type Mixed Use, Land (+1)
Sub Type Residential, Other
Square Footage 7,072
NOI $6,000
Year Built 1900
Acreage 0.240

Mixed Use | 7,072 SqFt

Marketing description

Welcome to an exceptional investment opportunity in the heart of charming downtown Vernon, Michigan! This unique offering includes both 131 E. Main Street, home of the popular Main Street Crafters Retreat and Hall, and the adjacent 127 E. Main Street, a beautifully updated 3-bedroom single-family residence featuring new luxury vinyl plank flooring and fresh paint throughout. Together, these properties create the perfect live-work lifestyle for an entrepreneurial owner/operator. Imagine living just steps away in the comfortable, move-in-ready home while managing and growing the thriving retreat and event business next door—a rare and ideal combination. The Main Street Crafters Retreat and Hall has become a sought-after destination for weddings, family celebrations, crafting enthusiasts, retreats, and various community events. The facility features expansive gathering and creative spaces, multiple bedrooms for overnight accommodations, and a fully equipped kitchen, making it perfectly suited for hosting groups of all sizes. Whether continuing its current success and serving the loyal patronage who return annually, or bringing your own event space vision to life, the possibilities here are nearly endless. Meticulous attention to detail has been the focal point of the current owners as they have updated the space to include new vinyl plank flooring and a fresh new interior appearance in the event spaces. Adding even more value, the property at 127 E. Main Street includes an approximately 500-square-foot retail storefront that is currently leased, providing immediate rental income while you enjoy the convenience of living on-site. Combining an established business, income-producing real estate, owner-occupied living potential, and a picturesque small town Main Street setting, this is truly a one-of-a-kind opportunity to invest in both a lifestyle and a thriving enterprise. Future uses subject to local approvals, split may be possible with new well added.
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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$6,000.00
$500.00/mo

Valuation Metrics

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DSCR
1.21%
Cap Rate
1.21%
ROI

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Zoning

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B-1 CommercialGeneral CommercialGeneral Business
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Last updated May 3, 2026 For deeper zoning details, reports are available at Zoneomics

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