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Jenn Smart

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1296 Main , Melvin, MI 48454
$244,900
Est. Payment: $1,276.21/mo
4 Bed
3 Bath
1885 Sqft
Status: active | Days on site: 43
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

If owning a post office building with rentals is your dream, here it is!!! 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 $849.75 last 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.

Highlights

Listed by Robert Kean , 810-650-5850 Coldwell Banker Professionals , 586-727-2741. MiRealSource, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.55

Year Built

1900

County

Sanilac

Area

Speaker Twp (76022)

Neighborhood

Na

School District

Brown City Comm School District

Listing ID

50206646

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:3
  • Full Bathrooms:2
  • 1/2 Bathrooms:1
Appliances:Dryer, Range/Oven, Refrigerator, Washer, Water Softener - Leased
Above Ground Sq Ft:1885
Water:Private Well

Exterior Features

Lot Dimensions:IRR
Zoning:Residential
Sewer:Septic
Parking Features:Attached Garage
Principal Interest
$1,276
Taxes
$250

Home Price

$244,900

Loan Details

30 yrs
6.792%

Down Payment

20%
$48,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,276.21

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,276.21 $250.17 $0.00 $1,526.37
Yearly $15,314.50 $3,002.00 $0.00 $18,316.50
Total $459,434.87 $90,060.00 $0.00 $549,494.87
Lender profile image
So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Melvin, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-02T04:57:55.100Z

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