Versatile Retail/Office
108 Grand Street Michigan Center, MI 49254
New
108 Grand Street, Michigan Center, MI, 49254
$100,000
For Sale
$100,000
COMMERCIAL - Michigan Center, MI
Property Size420 SF
Lot Size0.10 Acres
Price / SF$238.10
Days on Market4
Property Features for 108 Grand Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Interior features
- Broadband
- Standard status
- Active
- APN
- 000-14-09-104-005-00
- Size
- 420 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- THE S 1/2 OF LOT 2 IN BLOCK 75 OF VILLAGE OF MICHIGAN CENTER SEC 9 T3S R1E
- Tax Annual Amount
- 708
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1971
- Number of units
- 1
- Building materials
- Block
Listing Agency
Century 21 Affiliated - Jackson
(517) 888-0050
100 E Michigan Ave Ste 115, Jackson, MI
Listed by
Logan Everett · License #6501411675
(517) 775-1388
Added: Jul 14 Checked: Jul 17 at 6:06 am
MLS# 26035799
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.
Investment Insights
Based on property information with market context.
This storefront property was originally built in 1971 and later operated as a barbershop, most recently under “The Grand Barbershop.” The space includes a remodeled private office with separate entrances, updated plumbing, lighting, and electrical systems, and HVAC with a reliable furnace, A/C, and on-demand water heater. Improvements over the past decade include a new roof and gutters (2020) with 35-year shingles, fresh interior and exterior paint (2023), new vinyl plank flooring, newly poured concrete entry slabs, and secure entry with newer doors and keypads. The property also features comprehensive security with outdoor cameras and indoor monitors.
The building is connected to municipal water and sewer and is situated in a high-traffic area serving the local community and nearby lakes. The sale includes most current equipment and fixtures for continued barbershop or related use, including two barber styling chairs, mirrors and workstations with storage, a UV light sanitizer, a waiting area, an antique barber pole, televisions, inventory and supplies, and lighted “open” and barber signs.
Outdoor amenities include two resin storage sheds (4x6 and 8x10) and included lawn maintenance tools.
The building is connected to municipal water and sewer and is situated in a high-traffic area serving the local community and nearby lakes. The sale includes most current equipment and fixtures for continued barbershop or related use, including two barber styling chairs, mirrors and workstations with storage, a UV light sanitizer, a waiting area, an antique barber pole, televisions, inventory and supplies, and lighted “open” and barber signs.
Outdoor amenities include two resin storage sheds (4x6 and 8x10) and included lawn maintenance tools.
Key Highlights
- Barbershop/commercial building built in 1971 with block construction
- Updated systems: forced‑air heat, central air, and on‑demand water heater
- Renovations include new roof and gutters (2020), interior/exterior paint (2023), and new vinyl plank flooring
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $6.0k | $14.40 |
| − Vacancy | −$1.4k | −$3.23 |
| EGI | $4.7k | $11.17 |
| − OpEx | −$1.2k | −$2.79 |
| NOI | $3.5k | $8.38 |
420 SF · lease $14.40/SF/yr · vacancy 22.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$50.3K
$44.0K – $58.7K
NOI $3,520 @ 7.0% cap · market cap 3.52%
Second Best
Retail
$41.4K
$36.2K – $48.3K
NOI $2,896 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$67.0K
$58.7K – $78.2K
NOI $4,693 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Grand Barbershop, LLC
Barber Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Former barbershop with updated roof, systems, and interior improvements, plus an office with separate entrances.
Where is this storefront property located?
The property is located at 108 Grand Street Michigan Center, MI.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: Barbershop/commercial building built in 1971 with block construction; Updated systems: forced‑air heat, central air, and on‑demand water heater; Renovations include new roof and gutters (2020), interior/exterior paint (2023), and new vinyl plank flooring
