Pending
80847 Main Street, Memphis, MI
$220,000
MLS # 20261023897 (Realcomp)
Built 19000.05 acres
1 / 37
Listing Description
Prime Mixed-Use Opportunity in Downtown Memphis!Don’t miss this versatile investment property located in the heart of downtown Memphis. With great curb appeal this well-positioned building offers both commercial space and a residential apartment, creating multiple income streams or the perfect live/work setup.The main level features a highly visible commercial storefront, working as a salon. Great foot traffic and strong community presence. Above, you’ll find a private residential 3 bedroom apartment—perfect for an owner-occupant or additional rental income.With its central location, this property is surrounded by local shops, dining, and community activity, making it an attractive option for both business owners and investors alike.Whether you’re looking to expand your portfolio or operate your business while living on-site, this property offers flexibility, functionality, and long-term potential.Endless possibilities in a growing downtown setting!
Source: SparkMLS
About this home
Currently offered at $220,000.
Property tax estimate: $3,758 per year ($313/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by SEMCO Energy Gas Company.
Listing Property Details
Property TypeCommercial Sale
Bathrooms0
Lot Size0.05 acres
Year Built1900
Location
CityMemphis
MunicipalityRichmond Twp
CountyMacomb
School DistrictMemphis
Construction & Systems
ConstructionVinyl Siding, Stone
BasementBasement
WaterPublic
Sale & Financing
Listed4/13/2026
Original Price$222,000
Source: SparkMLS
Tax Information
Annual Tax$3,758
State Equalized Value$64,000
Taxable Value$64,000
Parcel #03-02-129-012
Source: Public Records
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Kelly A Smith
Smith Street
Frequently Asked Questions about 80847 Main Street, Memphis, MI
What school district is 80847 Main Street, Memphis, MI in?
Per MLS# 20261023897, this property is served by Memphis. In Michigan, school district boundaries are set by the state and do not always follow city limits.
How much are property taxes for this home?
Per MLS# 20261023897, the most recent reported annual property tax for 80847 Main Street, Memphis, MI is $3,758. 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 80847 Main Street, Memphis, MI 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, 80847 Main Street, Memphis, MI 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.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: SEMCO Energy Gas Company. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Macomb County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Monthly payment$1,427
Principal & interest$1,427
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
SEMCO Energy Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
80847 Main Street, Memphis, MI
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Municipality
Memphis
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