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!
Memphis is located in Michigan. Memphis, Michigan has a population of 1,050. Memphis is more family-centric than the surrounding county with 33.88% of the households containing married families with children. The county average for households married with children is 28.44%.
The median household income in Memphis, Michigan is $52,868. The median household income for the surrounding county is $67,828 compared to the national median of $69,021. The median age of people living in Memphis is 46.6 years.
The average high temperature in July is 81.8 degrees, with an average low temperature in January of 14.1 degrees. The average rainfall is approximately 33.4 inches per year, with 36.6 inches of snow per year.
