See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

4654 Water St, Columbiaville, MI, 48421

1beds
2baths
9,000sqft
$599,900
$67price/sqft
$4,728/moest. monthly cost
$189,120/yrincome needed

About This Home

Positioned in the heart of downtown Columbiaville, this beautifully restored historic building seamlessly blends original character with modern efficiency. Showcasing exposed 18” brick walls, beadboard ceilings, and original heart pine flooring, the property has been fully upgraded with new plumbing, mechanical systems, and six 200-amp electrical panels. Offering 6,000 SF across five main-level suites, plus an additional 3,000 SF on the second floor and 3,000 SF in the unfinished basement, this versatile, multi-use property presents exceptional opportunity for business growth or investment. Commercial-grade doors and windows and ample downtown parking enhance accessibility and convenience. The vacant parcel directly behind the building, along with the adjacent lot (now hardware store facade), are also available for purchase, presenting an excellent opportunity to incorporate a drive-through, if desired. Ideally located between M-15 and M-24, just 10 miles north of I-69, the property benefits from strong visibility and steady foot traffic. Nearby, Holloway Reservoir Regional Park spans 5,500 acres with boating, fishing, hiking, and horseback riding, while the Southern Links Trailway—just one block away—offers a 10.2-mile scenic route connecting surrounding communities. A biweekly farmers market, annual events, and local campgrounds drive consistent visitor activity, further supporting commercial potential. 10 min from newly added Target, Hobby Lobby and 3 miles from Marriott's Post Card Cabins. Whether expanding your business or generating rental income, this property offers unmatched flexibility in a growing community. A rare opportunity to own a true historic asset. Please note: Units 2–5 and portions of the second floor have been virtually staged in select photos to illustrate potential uses. There is currently no finished bedroom or full bathroom on the second level; this has been noted per Realcomp requirements.

Getting Around

40
WalkingCar-Dependent
0
TransitVery Limited Transit
39
BikeSomewhat Bikeable

Schools

4/10
3/10
Lakeville Middle SchoolGrades 5-82.7 mi
6/10
Lakeville High SchoolGrades 9-122.7 mi

Construction

Condition

  • Year built: 1895

Materials

  • Foundation: Basement,Stone
  • Construction materials: Block,Brick,Vinyl Siding

Notable Dates

  • Major remodel year: 2016

Type & Style

  • Home type: SingleFamily
  • Architectural style: Historic,Other
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished

Bedroom

  • Level: Second
  • Area: 288
  • Dimensions: 16 X 18

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Finished area above ground: 9,000

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 9,000 sqft

Kitchen

  • Level: Second
  • Area: 288
  • Dimensions: 16 X 18

Other

  • Level: Entry
  • Area: 42
  • Dimensions: 7 X 6

Other

  • Level: Entry
  • Area: 42
  • Dimensions: 7 X 6

Property

Details

  • Parcel number: 04350100500
  • Special condition: Short Sale No,Standard
  • Exclusions: Exclusion(s) Do Not Exist

Features

  • Levels: Two
  • Stories: 2
  • Entry location: GroundLevel
  • Pool features: None

Lot

  • Lot size: 7,405 sqft
  • Lot size dimensions: 60.00 x 120.00

Parking

  • Parking features: No Garage

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Tornado

FEMA Declared Disasters in Lapeer County and Michigan

Severe Ice Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,033$36,396
Home Insurance *$310$3,720
Property Taxes $404$4,848
Electricity $981$11,780
Total$4,728$56,736
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$162,102/yr
40% on housing$141,840/yr
45% on housing$126,080/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.5%
7.5%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: -2.2%
-2.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$67This listing

vs Other Active Listings

Avg $/sqft

ZIP 48421$155
Lapeer County$220

vs Homes Sold Last Month

Median $/sqft

ZIP 48421$176
Lapeer County$193

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-29Listed for sale$599,900
2025-07-22Listing removed$674,000
2025-06-11Price change$674,000
2025-04-02Price change$695,000
2025-02-05Listed for sale$725,000
2024-07-29Listing removed$750,000
2024-01-26Listed for sale$750,000

For Sale by Agent

AgentKatherine Nolff
BrokerageThe Brokerage Real Estate Enthusiasts

Similar Homes