4654 Water St - Storefront Retail/Residential FOR SALE


Columbiaville, MI 48421
$599,900 USD
248-909-9401
4654 Water St, Columbiaville, MI for Sale
$599,900 USD
Storefront Retail/Residential - FOR SALE
1/51
null | Request Cap Rate

4654 Water St
Columbiaville, MI 48421


HIGHLIGHTS

  • Historic 1895 building fully modernized with updated plumbing and mechanical systems.
  • 6,000 SF of main-level space divided into five suites, plus second-floor and basement areas.
  • Exposed brick walls, beadboard ceilings, and heart pine flooring throughout.
  • Centrally located between M15 and M24, 10 miles north of I-69 in Lapeer County.
  • Ample on-site parking.
  • Proximity to Holloway Reservoir, Southern Links Trailway, and local community attractions.

OVERVIEW

Positioned in the heart of downtown Columbiaville, this beautifully restored historic building seamlessly blends original character with modern efficiency. Showcasing exposed 18” brick walls, beadboard ceilings, and original heart pine flooring, the property has been fully upgraded with new plumbing, mechanical systems, and six 200-amp electrical panels. Offering 6,000 SF across five main-level suites, plus an additional 3,000 SF on the second floor and 3,000 SF in the unfinished basement, this versatile, multi-use property presents exceptional opportunity for business growth or investment. Commercial-grade doors and windows and ample downtown parking enhance accessibility and convenience. The vacant parcel directly behind the building, along with the adjacent lot (now hardware store facade), are also available for purchase, presenting an excellent opportunity to incorporate a drive-through, if desired. Ideally located between M-15 and M-24, just 10 miles north of I-69, the property benefits from strong visibility and steady foot traffic. Nearby, Holloway Reservoir Regional Park spans 5,500 acres with boating, fishing, hiking, and horseback riding, while the Southern Links Trailway—just one block away—offers a 10.2-mile scenic route connecting surrounding communities. A biweekly farmers market, annual events, and local campgrounds drive consistent visitor activity, further supporting commercial potential. 10 min from newly added Target, Hobby Lobby and 3 miles from Marriott's Post Card Cabins. Whether expanding your business or generating rental income, this property offers unmatched flexibility in a growing community. A rare opportunity to own a true historic asset. Please note: Units 2–5 and portions of the second floor have been virtually staged in select photos to illustrate potential uses. BATVAI. There are no setbacks for this building. However, if additional land is desired, a vacant lot directly behind the parcel is available for purchase, with flexibility to reconfigure lot lines or combine/split parcels as needed. Also available separately is the adjacent hardware store façade lot, in the process of being cleared and leveled—offering an ideal opportunity to incorporate a drive-through to the building’s lower units. The seller is asking $275,000 for the vacant lot and hardware store parcel combined. 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 + additional downtown parking. Main level is 6,000 SF with 5 suites, while the 2nd level features a 3,000 SF former opera house, which could be converted into a residence with ample space for a large kitchen, 2+ bedrooms, and a bathroom, + 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.

FOR SALE DETAILS

PRICE

$599,900 USD

PRICE/SF

$67 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

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 Notice.