None 107 W Delaware 6 400 pi² 45% Loué Commerce de détail Immeuble Decatur, MI 49045 888 511 $ CAD (138,83 $ CAD/pi²) 14,42% Taux de capitalisation

This well-located mixed-use property in the heart of downtown Decatur offers a rare combination of stable commercial income and strong residential upside.?
The entire building above grade is 6,680 sq ft with a 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 in the downtown corridor.?
Above, the second floor features three residential units—two one-bedroom apartments and one spacious two-bedroom unit.? All residential units are currently vacant and rent-ready, offering an immediate value-add opportunity.? Residential market rents are estimated at approximately $3,500 per month or more, along with the retail rent at $4,875 allowing a new owner to quickly increase cash flow upon lease-up for a total of $8,375 per month or $100,500 annually.?
This property is ideal for investors seeking:
?A blend of stable long-term commercial income and residential upside
A low-maintenance asset with a NNN commercial tenant
Strong return potential through residential leasing
?A foothold in a growing small-town market with consistent demand
Whether you’re looking to stabilize and hold, or optimize income through strategic leasing, 107 W Delaware St presents a compelling opportunity with multiple revenue streams and built-in upside.?