Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    107 Homer Road Concord, MI 49237

    View on Map
    For Sale
    $99,900

    COMMERCIAL - Concord, MI

    Type:Retail
    Property size:
    764 SF
    Lot size:
    0.03 Acres
    Added:
    Oct 16, 2025
    Days on Market:
    168
    Last Refresh:
    Apr 1 at 4:06 am

    Property Features for 107 Homer Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Bathrooms
    1
    Rooms
    Bathroom 1
    Standard status
    Active
    APN
    005-11-27-351-005-00
    Size
    764 SF
    Lot size
    0.03 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    BEG AT THE INTERSECTION OF THE W LN OF MAIN ST WITH THE SLY LN OF HOMER RD TH S 69 degrees 54'W ALG THE SLY LN OF HOMER RD 132
    TaxAnnualAmount
    1523

    Utilities

    Utilities
    Phone Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1952
    Floors in Building
    1
    Number of units
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    ALEX C PERLOS

    Listing agent ALEX C PERLOS License #6501210977

    Listing office ERA REARDON REALTY, L.L.C. 910 N West Ave, Jackson, MI

    Listing date Oct 16, 2025

    MLS# 25053378

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Commercial Space in Concord

    This fully furnished commercial space in Concord, Michigan, offers a turnkey solution for various business ventures. The 764-square-foot property features thoughtful updates, including new flooring and an updated restroom. Essential amenities such as a new washer and dryer, water heater, and water softener are included. The space is clean, comfortable, and move-in ready, making it suitable for small business uses, professional services, or owner-operators seeking a well-maintained environment with modern improvements. The property is situated on a 0.03-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Looking Sharp Hair Salon

    Suggested Use

    Restaurant Real Estate Agency Building Supply Auto Repair Shop Hair Salon Department Store Accounting Firm Storage Facility Grocery & Convenience Store Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Jackson
    State
    Michigan
    Longitude
    -84.645456
    Latitude
    42.177819

    Nearby Similar for Sale

    • $310,000
      5,245 SF

      Concord, MI Retail Opportunity

      Retail property for sale in Concord, Michigan.
      101 S Main Street, Concord, MI 49237
      View Details
    • $259,900
      4,716 SF

      Concord, MI Business Opportunity

      Commercial property in Concord, Michigan, suitable for various business ventures.
      101 Spring Arbor Road, Concord, MI 49237
      View Details
    • $310,000
      5,245 SF

      Restored Bank Building in Concord

      Meticulously restored 5,245 SF commercial building in Concord, Michigan.
      101 S Main Street, Concord, MI 49237
      View Details
    • $170,000
      1,800 SF

      Updated Restaurant Building with Parking

      Updated restaurant building with equipment, seating, and high traffic.
      107 E Jackson Road, Concord, MI 49237
      View Details
    • $99,900
      764 SF

      Retail Opportunity in Concord, MI

      Retail property for sale in Concord, Michigan with 764 SF.
      107 Homer Road, Concord, MI 49237
      View Details
    • $769,999
      9,516 SF

      Concord Multifamily Investment Opportunity

      Multifamily property in Concord, Michigan, ideal for investment.
      190 Maple Street, Concord, MI 49237
      View Details
    • $170,000
      1,800 SF

      Retail Property in Concord, MI

      Retail property for sale in Concord, Michigan, featuring 1800 square feet.
      107 E Jackson Road, Concord, MI 49237
      View Details
    • $259,900
      4,716 SF

      Commercial Building in Concord, Michigan

      Commercial building with high ceilings and overhead doors for sale.
      101 Spring Arbor Road, Concord, MI 49237
      View Details
    • $769,999

      Seven-Unit Investment Property in Concord

      Seven-unit property with rental upside in Concord, Michigan.
      190 Maple Street, Concord, MI 49237
      View Details
    • $259,900
      4,716 SF

      Commercial Building in Concord, Michigan

      Commercial building with high ceilings and mill pond frontage.
      101 Spring Arbor Road, Concord, MI 49237
      View Details

    FAQs

    What type of property is this?
    Retail space - Fully furnished, updated commercial space suitable for various small businesses.
    Where is this retail space located?
    The property is located at 107 Homer Road Concord, MI.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: Turnkey, fully furnished commercial space ready for immediate occupancy.; Updated with new flooring, restroom, washer/dryer, water heater, and water softener.; Suitable for various small business uses, professional services, or owner‑operators.
    (517) 740-4421
    We can help!
    Listing Contact
    ALEX C PERLOS
    Real Estate License ID: 6501210977
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!