4654 Water St - Storefront Retail/Residential FOR SALE


Columbiaville, MI 48421
$695,000 USD
248-909-9401
4654 Water St, Columbiaville, MI for Sale
$695,000 USD
Storefront Retail/Residential - FOR SALE
1/18
null | Request Cap Rate

4654 Water St
Columbiaville, MI 48421


OVERVIEW

Located in the heart of downtown Columbiaville, this beautifully restored historic building blends old-world charm with modern efficiency. Featuring exposed 18” brick walls, natural beadboard ceilings, and original heart pine flooring, the space has been upgraded with new plumbing, mechanicals, and six 200-amp electrical panels. Offering 6,000 SF across five suites on the main level, plus 3,000 SF on both the second level and unfinished basement, this multi-use property provides ample opportunity for business expansion or investment. Commercial-grade doors and windows, along with generous downtown parking, ensure convenience and accessibility. Situated between M15 and M24, just 10 miles north of I-69, the property benefits from high visibility and foot traffic. Nearby, Holloway Reservoir Regional Park spans 5,500 acres, offering recreation such as boating, fishing, hiking, and horseback riding, while the Southern Links Trailway, just one block away, provides a 10.2-mile scenic route connecting neighboring communities. A biweekly farmers market, annual events, and local campgrounds attract consistent visitors, boosting business potential. Looking to expand your business or generate rental income? This property offers unmatched flexibility in a thriving community. Don’t miss this rare opportunity to own a true historic gem! Please note: units 2, 3, 4, 5 and the 2nd floor have been virtually staged in a handful of photos to showcase some of the various potential uses. BATVAI. There are no setbacks on this building however, if you require some land there are options to redraw the lot lines for an additional cost. The property features a newer roof (2009/2013) with a 35-year warranty and a steel Bilco hatch, allowing for potential rooftop use with the addition of a staircase. Siding updated in 2009/2013, and commercial-grade windows and doors were installed. Heating includes six furnaces (2008/2016), with five currently installed. Three AC units are installed; Units 4, 5, and the second floor do not currently have air conditioning. A single oversized (50+ gal) hot water heater serves the building. Plumbing was updated in 2009/2016, and each of the six suites has its own 200-amp electrical panel (2008/2016). A handicap-accessible half bathroom is located in Unit 2 and is currently accessible to the entire building via the back hallways. Parking includes 15+ spaces on the street plus additional downtown parking. The main level spans 6,000 SF with five suites, while the second level features a 3,000 SF former opera house, which could be converted into a residence with ample space for a large kitchen, two or more bedrooms, and a bathroom, plus potential for a balcony and rooftop access. The basement adds another 3,000 SF, and the sewer line is 6” PVC. The property is connected to city water with a single water bill for the entire building, and features a $30K anti-siphon valve. Please see attachments for additional information on features and suggested building use. Please note: units 2, 3, 4, 5 and the 2nd floor have been virtually staged in a handful of photos to showcase some of the various potential uses.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$77 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Opera House

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1895

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

C

APN/PARCEL ID

043-501-005-00

ASK ABOUT THIS PROPERTY

Katie Nolff DudzinskiThe Brokerage Real Estate EnthusiastsMore Info
248-909-9401

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Katie Nolff DudzinskiThe Brokerage Real Estate EnthusiastsMore Info
248-909-9401

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.