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140 N Bridge St 140 Bridge Street, Dimondale, MI 48821
Availability:
for sale
Property Type:
Multi-Family
Shopping Center / Retail
Retail - Retail Pad
Shopping Center / Retail
Retail - Retail Pad
Building Size:
3,428 SF
Land Size:
0.25 Ac
Price:
$314,900
Price per SF:
$91.86
Sarah Thornton
sarah.thornton@remax.net
(517) 202-5699
Property Description
Multi-family apartments 140 (Apt 1)-140.5 (Apt 2) N. Bridge St are being sold as a package with 144 Bridge St.
Rare Investment Opportunity: Fully-Upgraded Mixed-Use Gem
Unlock the potential of this versatile mixed-use property in the heart of Dimondale! This portfolio features two well-maintained buildings with three high-performing units, combining stable commercial retail with high-demand multi-family residential space.
Portfolio Breakdown
- 144 N Bridge (Commercial): Currently housing a newly-opened wine tasting business, this building has seen extensive infrastructure updates, including new electrical (2024), water heater (2024), and bathroom, plumbing and numerous cosmetic renovations in the last 2 years.
- 140 N Bridge (Apt 1): A spacious residential unit featuring 2 bedrooms and 1 car attached garage, recently updated with a new water heater (2025) and toilet (2024).
- 140.5 N Bridge (Apt 2): A premier residential unit featuring 3 bedrooms and a 2-car detached garage with newer roof (2024), new windows (2024), and full kitchen/bath updates in 2023
Investment Highlights
- Value-Add Potential: Current rents are below market value, providing immediate opportunity to increase ROI as leases expire.
- Turnkey Infrastructure: Over $50,000 in recent capital improvements across all units, including roofing, HVAC (water heaters), water treatment system in the residential rentals. and interior finishes, significantly reducing future CapEx.
- Superior Amenities: Unlike standard downtown lots, this property offers ample parking and dedicated green space for tenant recreation and play.
- Prime Connectivity: Centrally located with rapid access to major expressways, railways and regional commerce hubs..
High-upside investment in an ideal location!
Full Address: 140 Bridge Street, Dimondale, MI 48821
Listing Type: FOR SALE
Status: Active
Region: M-EN
County: Eaton County
Property ID: 4104864
Building Sf: 3,428
Parcel Num: 08100062109100