For Sale
312 E Sherwood Street, Decatur, MI 49045
$250,000
MLS # 26000099 (Michigan Regional Information Center (MichRIC))
1 bathBuilt 19001.23 acres
1 / 11
Listing Description
Formally the Decatur True Value Hardware & Lumber Company, this 1.2 acre property provides unlimited potential for the next entrepreneur. Nicely finished 60' x 92' building with 3 offices spaces, 1 space that was formally a kitchen and a bathroom. Includes attached pole building, outdoor storage areas and an 80' by 40' pole building with 13' ceilings. Call today to set up a private showing.
Source: SparkMLS
About this home
1-bath home in Decatur Village in Decatur built in 1900.
Asking $250,000.
Annual property taxes run approximately $9,060 ($755/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Fiber internet is available at this address with download speeds up to 8,000 Mbps across 10 providers. Electric service is provided by Indiana Michigan Power Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeCommercial Sale
Property SubtypeBusiness Opportunity
Bathrooms1
Lot Size1.23 acres
Year Built1900
Location
CityDecatur
MunicipalityDecatur Vllg
Zip Code49045
CountyVan Buren
School DistrictDecatur
Construction & Systems
ConstructionBlock, Metal Siding
HeatingForced Air
UtilitiesPhone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Storm Sewer
InteriorBroadband
Sale & Financing
Listed1/1/2026
Original Price$319,000
Terms AcceptedConventional, Cash
Source: SparkMLS
Tax Information
Annual Tax$10,199
Tax Year2025
State Equalized Value$135,700
Taxable Value$135,700
Assessed Value$139,906
Parcel #80-43-040-581-00
Source: Public Records
Legal Description
953 20-4-14 682-412 1020-408 1485-261 * LOTS 3 & 4. ALSO E 44 FT OF LOT 5. BLOCK V ORIGINAL PLAT OF DECATUR
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
Jan 2, 2026
Listed for sale
$319,000
Listed by David Cerven
RE/MAX Advantage
Frequently Asked Questions about 312 E Sherwood Street, Decatur, MI 49045
What school district is 312 E Sherwood Street, Decatur, MI 49045 in?
Per MLS# 26000099, this property is served by Decatur. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 312 E Sherwood Street, Decatur, MI 49045?
Per MLS# 26000099, the seller has indicated this property accepts the following financing types: Conventional, Cash. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26000099, the most recent reported annual property tax for 312 E Sherwood Street, Decatur, MI 49045 is $10,199 (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.
Is 312 E Sherwood Street, Decatur, MI 49045 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 312 E Sherwood Street, Decatur, MI 49045 is in flood zone X (minimal risk). 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.
Is fiber internet available at 312 E Sherwood Street, Decatur, MI 49045?
Per FCC broadband data, this property has access to fiber internet service. The maximum advertised download speed is 8.0 Gbps. 10 internet providers serve this address. Confirm availability and speeds directly with providers.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Indiana Michigan Power Company. Gas: Consumers Energy Company. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Decatur Vllg police department or the Van Buren County sheriff's office.
Map
Tax Estimate
$
Annual tax$9,060
Monthly$755
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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%
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Monthly payment$2,376
Principal & interest$1,621
Property taxes$755
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
8 Gbps
Upload
8 Gbps
FiberCableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
10 providers at this address
Surf InternetFiber
8 GbpsXfinityCable
1.2 Gbps1 Gbps
VerizonLicensed Fixed Wireless
300 MbpsStarlinkGSO Satellite
280 MbpsT-MobileLicensed Fixed Wireless
100 MbpsViasat IncSatellite
100 MbpsHughesNetSatellite
50 MbpsAT&TLicensed Fixed Wireless
25 MbpsFrontierDSL
10 MbpsFCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
Indiana Michigan Power Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
312 E Sherwood Street, Decatur, MI 49045
View full property history →
Municipality
Decatur Village
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