Reconstructed Retail
108 S Main Street Reading, MI 49274
108 S Main Street, Reading, MI, 49274
$235,000
For Sale
$235,000
COMMERCIAL - Reading, MI
Property Size3,324 SF
Lot Size0.06 Acres
Price / SF$70.70
Days on Market468
Property Features for 108 S Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 2
- Rooms
- Bathroom 2, Basement, Bathroom 1
- Standard status
- Active
- APN
- 20-050-001-001
- Size
- 3,324 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- per recorded deed
- Tax Annual Amount
- 1998
Utilities
- Utilities
- Phone Available
- Heating system
- Forced Air
- Cooling system
- Window Unit(s), Wall Unit(s)
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 3
- Building materials
- Stucco, Brick
- Roof type
- Rubber
Listing agency
Coldwell Banker Groves Real Estate
(517) 439-1511
Listed by
Crystal Stoner · License #6501390542
(517) 320-2280
Added: Apr 12, 2025 Updated: Jul 9 at 4:43AM Checked: Jul 23 at 6:06AM
MLS# 25014932
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 for-sale retail building totals 3,324 square feet and has undergone major reconstruction, including significant structural work intended to extend the building’s longevity. The property is offered at 108 S Main Street in Reading, Michigan.
The size and recent reconstruction make it a straightforward option for an owner seeking to acquire and operate a retail space. Schedule a showing to review the improvements firsthand and confirm the building’s current configuration and condition.
The size and recent reconstruction make it a straightforward option for an owner seeking to acquire and operate a retail space. Schedule a showing to review the improvements firsthand and confirm the building’s current configuration and condition.
Key Highlights
- Historic building originally built in 1900
- Major reconstruction reported, including extensive structural work to help the building last 100+ years
- Construction materials include stucco and brick
Local Financial Insights For Retail
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 | $29.9k | $9.00 |
| − Vacancy | −$2.4k | −$0.72 |
| EGI | $27.5k | $8.28 |
| − OpEx | −$8.3k | −$2.48 |
| NOI | $19.3k | $5.80 |
3,324 SF · lease $9.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$275.2K
$240.8K – $321.1K
NOI $19,266 @ 7.0% cap · market cap 8.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$528.2K
$462.1K – $616.2K
NOI $36,971 @ 7.0% cap · market cap 15.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Century Bank and Trust- ...
Bank
ATM
Atm
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail building available for sale, with major reconstruction completed and total size of 3,324 square feet.
Where is this retail space located?
The property is located at 108 S Main Street Reading, MI.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Historic building originally built in 1900; Major reconstruction reported, including extensive structural work to help the building last 100+ years; Construction materials include stucco and brick
