For Sale
107 E Delaware Street, Decatur, MI 49045
$650,000
MLS # 26021523 (Michigan Regional Information Center (MichRIC))
5 bathsBuilt 19920.54 acres
1 / 17
Listing Description
This well-located mixed-use property in the heart of downtown Decatur offers a rare combination of stable commercial and residential income. The entire building above grade is 6,680 sq ft with a 3340 Sq Ft full finished basement. The main floor and basement is fully leased to Sun Provisions, a long-term tenant operating under an absolute net lease, providing predictable, hands-off income for the owner. The commercial space anchors the building and offers excellent visibility and foot traffic and prime owned billboard in the downtown corridor along with three residential units on the second floor.
Source: SparkMLS
About this home
Located in Decatur Village in Decatur, this property offers 5-bath, with original construction dating to 1992.
Currently offered at $650,000.
Estimated annual property tax: $7,364, or about $614 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by Indiana Michigan Power Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeCommercial Sale
Property SubtypeRetail
Bathrooms5
Lot Size0.54 acres
Year Built1992
Location
CityDecatur
MunicipalityDecatur Twp
Zip Code49045
CountyVan Buren
School DistrictDecatur
Construction & Systems
ConstructionVinyl Siding
HeatingForced Air
UtilitiesPhone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer
Sale & Financing
Listed5/11/2026
Terms AcceptedConventional, Land Contract, Cash
Source: SparkMLS
Tax Information
Annual Tax$4,000
Tax Year2025
State Equalized Value$110,300
Taxable Value$110,300
Assessed Value$113,719
Parcel #80-43-040-294-11
Source: Public Records
Legal Description
709-A 20-4-14 811-532 1508-794 1509-523 1680-174 1697-450 1697-613 *** LOTS 17 & 18. ALSO BEG AT NW COR OF LOT 19, TH NE
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAPrice & Status History
May 12, 2026
Listed for sale
$650,000
Listed by Brice Bossardet
EXP Realty LLC
Frequently Asked Questions about 107 E Delaware Street, Decatur, MI 49045
Which school district serves 107 E Delaware Street, Decatur, MI 49045?
Per MLS# 26021523, 107 E Delaware Street, Decatur, MI 49045 is in the Decatur boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Decatur directly to confirm enrollment eligibility.
What financing options are available for 107 E Delaware Street, Decatur, MI 49045?
Per MLS# 26021523, this listing accepts Conventional, Land Contract, Cash financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 107 E Delaware Street, Decatur, MI 49045?
Per public tax records, annual property taxes for this property are $4,000 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 107 E Delaware Street, Decatur, MI 49045 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 107 E Delaware Street, Decatur, MI 49045 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 107 E Delaware Street, Decatur, MI 49045?
Per Michigan Public Service Commission service territory data: Electric: Indiana Michigan Power Company. Gas: Consumers Energy Company. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the Decatur Twp police department or the Van Buren County sheriff's office.
Map
Tax Estimate
$
Annual tax$7,364
Monthly$614
Millage rate66.7634 mills
Municipality: Village of Decatur
School district: DECATUR PUBLIC SCHOOLS
County: Van Buren
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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Monthly payment$4,830
Principal & interest$4,216
Property taxes$614
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Indiana Michigan Power Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
107 E Delaware Street, Decatur, MI 49045
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Municipality
Decatur Village
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