$3,086
closing credit¹
1296 Main St Melvin, MI 48454
Property details
About 1296 Main St
This unique property is in the heart of Melvin. Own your own post office building with newly negotiated lease. The lower front unit, which currently is leased to the US Post office for $581, will increase to $849.75 on Oct 1 with a five year lease. USPS has been a tenant since 1930....94 years of continuous service! In addition, There are two residential apartments, an upper leased at $625 and lower unit at $700. Both are leased below current market rates due to long term tenants. Apartments are on a month to month contract. Both apartments are 2 bedroom and in well maintained condition. There is a common area that has washer-dryer. Attached garage stores the lawn implements that go with sale. There is a nice storage shed in the spacious back yard that overlooks farm fields. The current owner has put in over 40k in improvements since purchase. Just in the last three years including: New roof for back apartment and Garage, Upgraded/Modernized Main Electric Panel, Installed new Well pump and piping, Installed new double windows in lower apartment unit, New Refrigerator in upstairs apartment, Tuck Pointing - Re-Grouting brickwork of Post Office exterior, Installed New 50 gal Water Heater, New toilet & new commercial grade flooring for Post Office, Installed new 30 foot Commercial Flag Pole, Installed new Modern "Closed System" Gas Boiler unit. See photo gallery for list of improvements. This building has been well maintained and is one of the original buildings in town. It is located across from the Melvin "hogtown" Tavern. Great opportunity for the investor in a small town community.
Highlights
Summary
- MLS Number: 50149159
- MLS Name: MiRealSource
- Office Name: Coldwell Banker Professionals
- Office Phone: (586) 727-2741
- Office Email: chris.hendrix@coldwellbanker.com
- Listing Agent: Robert Kean
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.
Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/10/2025, 7:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$259,900
1296 Main St
$3,086
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $75,900 | $3,002 |
| 2023 | $63,200 | $2,870 |
| 2022 | $56,100 | $1,225 |
| 2021 | $34,400 | $1,211 |
| 2020 | $23,500 | $- |
| 2019 | $25,900 | $- |
| 2018 | $30,000 | $- |
| 2017 | $29,300 | $- |
History based on county public records data.
Nearby schools
8
Yale Elementary School
Public District PK-5
5.1 mi
•200 School Dr
5
Peck Community Elementary School
Public District PK-5
5.7 mi
•222 E Lapeer St
5
Brown City Elementary School
Public District PK-6
6.6 mi
•4290 2nd St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $52,381. Most Melvin, MI residents have annual incomes between $35k-100k. Most families are married, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
NASCAR
Figure Skating
Where do the neighbors shop?
Wal-Mart
Academy Sports & Outdoors
Bass Pro Shops
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
Ram
Chevrolet
GMC
What do the neighbors listen to?
Classic Country
New Country
Oldies
This home is located at 1296 Main St in Melvin, MI and zip code 48454. This 1,885 square foot home, which was built in 1900, sits on a 0.55 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 19, 2024 and is currently priced at $259,900.