$650,000
Decatur, MI 49045
MLS# 26021523
4 baths | 6680 sqft
1 / 17
Property 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.
Details
Maps
Location & Property Info
Cross Streets: Delaware and S Phelps Rd
Property Sub-Type: Retail
Municipality: Decatur Twp
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 97.31
Prop Avail for Lease?: Yes
Current Bldg Use: Retail main level, residential second floor
General Property Info
New Construction: No
Lot Dimensions: Irregular
Road Frontage: 140
Waterfront: No
Year Remodeled: 2020
Total # Units: 4
Total # Bldgs: 1
# Fin Bldg Lvls: 3
Total SqFt: 6680
Property Use Type: Net Leased (nnn)
School District: Decatur
Lot Measurement: Acres
Lot Acres: 0.54
Lot Square Footage: 23522
Year Built: 1992
Full Baths: 5
Total Baths: 4
Tax Info
Taxable Value: 113719
SEV: 122900
For Tax Year: 2025
Seller's Annual Property Tax: 4000
Tax Year: 2025
Homestead %: 0
Spec Assessment & Type: none
Zoning: Commercial
Tax ID #: 80-43-040-294-11
Remarks & Misc
Public Remarks: 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.
Legal: 709-A 20-4-14 811-532 1508-794 1509-523 1680-174 1697-450 1697-613 *** LOTS 17 & 18. ALSO BEG AT NW COR OF LOT 19, TH NE
Additional Details
Total Parking Spaces: 40
Income and Expenses
Annual Maint ($): 3500
Annual Prop Ins ($): 2500
Net Operating Income: 7350
Street Type
Paved: 1
SqFt Information
Building Security: 1
Closed Circuit Camera(s): 1
Security System: 1
Property Use
Business: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Retail: 1
Construction Type
Frame/Wood: 1
Exterior Material
Vinyl Siding: 1
Roofing
Rubber: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
LLC: 1
Below Grade
Full: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Docs at List Office
Aerial Photo: 1
Plat Map: 1
Business Includes
Equipment: 1
Furniture: 1
Inventory: 1
Real Estate: 1
Additional Features
Multi User Facility: 1
Outdoor Storage: 1
Foundation
Concrete Perimeter: 1
Util Avail at St
Storm Sewer: 1
Tenant Pays All
Building Insurance: 1
Common Area Maintena: 1
Electric: 1
Gas: 1
Janitorial: 1
Management Fee: 1
Prop Taxes/Assess: 1
Sewer: 1
Trash: 1
Water: 1
Driveway
Asphalt: 1
Docs Req Conf Agrmnt
Financials: 1
Leases: 1
Rent Roll: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Land Contract: 1
Unit 1
Unit Description: Retail
SqFt: 3340
Occupied: Yes
Rent $/Month: 4750
# HVAC: 1
# Baths: 2
Tenant Pays Electric: 1
Tenant Pays Gas: 1
Tenant Pays Other: 1
Tenant Pays Sewer: 1
Tenant Pays Trash: 1
Tenant Pays Water: 1
Unit 2
Unit Description: Apartment 1
SqFt: 900
Occupied: Yes
Rent $/Month: 800
# HVAC: 1
Tenant Pays Electric: 1
# Baths: 1
Tenant Pays Gas: 1
Unit 3
Unit Description: Apartment 2
SqFt: 900
Occupied: No
Rent $/Month: 800
# HVAC: 1
Tenant Pays Electric: 1
# Baths: 1
Tenant Pays Gas: 1
Unit 4
Unit Description: Apartment 3
Possession
Close Of Escrow: 1
Location Property Info
County: Van Buren
Street #: 107
Street Direction: E
Street Name: Delaware
Suffix: Street
State: MI
Zip Code: 49045
Zip (4): 1171
OfficeContract Info
Status: Active
Current Price: $650,000
List Price: $650,000
Listing Date: 2026-05-12
Remarks Misc
Directions: Near Delaware and Phelps
Property Features
Property Use: Business
SqFt Information: Building Security; Closed Circuit Camera(s); Security System
Uses: Retail
Ownership: LLC
Business Includes: Equipment; Furniture; Inventory; Real Estate
Construction Type: Frame/Wood
Exterior Material: Vinyl Siding
Roofing: Rubber
Foundation: Concrete Perimeter
Below Grade: Full
Additional Features: Multi User Facility; Outdoor Storage
Tenant Pays All: Building Insurance; Common Area Maintena; Electric; Gas; Janitorial; Management Fee; Prop Taxes/Assess; Sewer; Trash; Water
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: Storm Sewer
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Asphalt
Street Type: Paved
Purchase Terms Avail: Cash; Conventional; Land Contract
Docs at List Office: Aerial Photo; Plat Map
Docs Req Conf Agrmnt: Financials; Leases; Rent Roll
Sale Conditions: None
Unit 1: Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Other; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water
Unit 2: Tenant Pays Electric; Tenant Pays Gas
Unit 3: Tenant Pays Electric; Tenant Pays Gas
Possession: Close Of Escrow
Listing Office: EXP Realty LLC
Listing Agent: Brice Bossardet
Last Updated: May - 19 - 2026
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