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Investment Highlights
- Studebaker-built in 1884
- Original oak woodwork, built-in cabinetry and curio, grand foyer with original ceramic fireplace, detailed beam ceilings
- Mixed Use--Zoned Commercial and Residential: Income Generating Potential---AirBnb, Bed and Breakfast, Office, Boutique/Retail
Executive Summary
~~Prime Investment Opportunity – Historic Studebaker Office/Home Zoned Commercial & Residential~~
Don’t miss this rare chance to own a beautifully preserved 1884 Studebaker-built property offering dual zoning for both commercial and residential use, making it perfect for investors, entrepreneurs, or professionals seeking a unique and functional space. Located on high-visibility South Michigan Street, this property includes the main building and two additional vacant lots, ideal for future development, expanded parking, or additional structures.
Currently set up for mixed-use, the property features a spacious main floor that has operated as professional office space, with a private entrance, multiple office rooms, a half bath with an original marble sink, formal meeting room, and a grand foyer with an original ceramic fireplace. The second floor offers additional office or living space, including built-in shelving, an exterior door to a covered porch, and access to four bedrooms and a full bath. The lower level includes a large meeting or entertainment area, full bath, storm shelter, and additional rooms for workspace, storage, or staff use.
With over 5,000 seasonal blooms and professionally landscaped grounds, the property creates a welcoming atmosphere for clients or guests. Structural enhancements, including seven steel beams and a full poured concrete foundation, make the building sturdy and adaptable for future use. A third-floor walk-up attic adds valuable storage, and the shed with electricity supports additional utility needs.
This versatile space is perfect for law offices, accounting firms, creative studios, boutique businesses, or a charming bed & breakfast/Airbnb. Investors will appreciate the multiple revenue streams possible through live/work arrangements, office and short-term rentals, or mixed-use configurations. The wired fire alarm system, in-ground sprinkler, private parking lot, and low taxes only add to its appeal.
This is a truly unique property—rich in history, unmatched in craftsmanship, and loaded with income-generating potential. Properties like this rarely come to market.
Don’t miss this rare chance to own a beautifully preserved 1884 Studebaker-built property offering dual zoning for both commercial and residential use, making it perfect for investors, entrepreneurs, or professionals seeking a unique and functional space. Located on high-visibility South Michigan Street, this property includes the main building and two additional vacant lots, ideal for future development, expanded parking, or additional structures.
Currently set up for mixed-use, the property features a spacious main floor that has operated as professional office space, with a private entrance, multiple office rooms, a half bath with an original marble sink, formal meeting room, and a grand foyer with an original ceramic fireplace. The second floor offers additional office or living space, including built-in shelving, an exterior door to a covered porch, and access to four bedrooms and a full bath. The lower level includes a large meeting or entertainment area, full bath, storm shelter, and additional rooms for workspace, storage, or staff use.
With over 5,000 seasonal blooms and professionally landscaped grounds, the property creates a welcoming atmosphere for clients or guests. Structural enhancements, including seven steel beams and a full poured concrete foundation, make the building sturdy and adaptable for future use. A third-floor walk-up attic adds valuable storage, and the shed with electricity supports additional utility needs.
This versatile space is perfect for law offices, accounting firms, creative studios, boutique businesses, or a charming bed & breakfast/Airbnb. Investors will appreciate the multiple revenue streams possible through live/work arrangements, office and short-term rentals, or mixed-use configurations. The wired fire alarm system, in-ground sprinkler, private parking lot, and low taxes only add to its appeal.
This is a truly unique property—rich in history, unmatched in craftsmanship, and loaded with income-generating potential. Properties like this rarely come to market.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
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| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Building Size
4,709 SF
Building Class
B
Year Built
1900
Price
$489,000
Price Per SF
$103.84
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,676 SF
Slab To Slab
12’
Building FAR
0.40
Lot Size
0.27 AC
Zoning
Commercial/Residential - Property is zoned Commercial and Residential
Parking
8 Spaces (1.7 Spaces per 1,000 SF Leased)
Amenities
- Storage Space
- Monument Signage
- Outdoor Seating
- Air Conditioning
- Balcony
- Smoke Detector
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 71-08-24-326-003.000-026 | Improvements Assessment | $188,100 |
| Land Assessment | $14,300 | Total Assessment | $202,400 |
Property Taxes
Parcel Number
71-08-24-326-003.000-026
Land Assessment
$14,300
Improvements Assessment
$188,100
Total Assessment
$202,400
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3030 Michigan St
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