217 S Lafayette Street

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217 S Lafayette Street

Greenville, MI 48838
Asking Price
$450K
Asset Type
Bar Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail bar space available for purchase in Greenville.
  • Property measures 2,550 square feet of total floor area.
  • Interior ceiling height measures 10 feet throughout the space.
  • Located on South Lafayette Street in the city center.
  • Asking price for the commercial property is $450,000.

What's Special

The property at 217 S Lafayette Street is currently listed for sale, presenting a functional retail space suited for an experienced operator or investor looking to secure a foothold in the Greenville market. Spanning 2,550 square feet, the building features a 10-foot ceiling height and is configured as a bar. This retail asset occupies a central position within the local community, benefiting from the connectivity and steady activity characteristic of this Michigan town. Its layout and existing infrastructure provide a practical foundation for continued hospitality use or alternative retail concepts within the downtown corridor. Prospective buyers can leverage the existing structure to establish a destination within this growing regional hub, which serves as a commercial center for the surrounding Montcalm County area. The property remains well-positioned for those seeking to capitalize on a established footprint in a stable suburban environment.

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NOI
$80,000
Cap Rate
17.78%
DSCR
2.99
Strong
Cash-on-Cash
39.47%
Monthly Payment
$2,226.354
Annual Cash Flow
$53,283.746

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