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1296 Main, 
Melvin, MI 48454

$259,900


4

Beds


3

Baths


-

Sq Ft


Multi-Family

Active

Listed by

Bob Kean

586-727-2741

Last updated:

June 2, 2025, 09:10 PM

MLS#

50149159

Source:

MI REALSOURCE

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About This Home

1296 Main

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.

Home Facts

Multi-Family

3 Baths

4 Bedrooms

Built in 1900

Price Summary

259,900

MLS #:

50149159

Last Updated:

June 2, 2025, 09:10 PM

Added:

a year ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

2


Structure

Structure

Year Built:

1900


Lot

Lot Size (Sq. Ft):

23,958


Finances & Disclosures

Finances

Price:

$259,900

1296 Main
Source:MI REALSOURCE
The information being provided by MiRealSource, Inc. is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 MiRealSource, Inc. All rights reserved.

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