Granite & Marble-Finish Office
115 E Michigan Avenue Grass Lake, MI 49240
115 E Michigan Avenue, Grass Lake, MI, 49240
$299,900
For Sale
$299,900
COMMERCIAL - Grass Lake, MI
Property Size2,640 SF
Lot Size0.07 Acres
Price / SF$113.60
Days on Market183
Property Features for 115 E Michigan Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Basement
- Standard status
- Active
- APN
- 007-10-32-481-010-00
- Size
- 2,640 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- A PCL OF LD OWNED AND USED AS ONE PCL BEING A PART OF SEFRL 1/4 OF SEC 32 AND A PART OF LOT 2, SOUTH OF TERRITORIAL RD
- Tax Annual Amount
- 2903
Utilities
- Utilities
- Cable Available
- Heating system
- Baseboard
- Cooling system
- Central Air
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 1
- Building materials
- Concrete, Brick
- Roof type
- Rubber
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: Jan 15 Checked: Jul 17 at 7:06 am
MLS# 26001804
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 office building features granite and marble finishes throughout the main level, soaring ceilings, and a main-floor restroom. The layout includes a private executive office, while the upper level provides flexible space suitable for a kitchenette, half bath, and utility or storage area. A drop ceiling is currently installed in the utility area, with the original ceiling visible beneath, offering the option to remove the drop ceiling for added architectural character. The basement is clean and well maintained with regularly serviced mechanicals, and the building is already set up for a security system.
Located at 115 E Michigan Avenue in Grass Lake, the property benefits from walk-by and drive-by visibility. The building also retains original bank-era features, including a large original vault and an additional drop-box vault at the front entrance. Two dedicated parking spaces are provided at the rear of the building.
With its finished main level, private office, and adaptable upper space, the property may suit office users looking for character and functional room for supporting amenities. The presence of existing vault structures can also be a distinguishing feature for certain operations or storage-focused tenants. The basement, serviced mechanicals, and security readiness support continued day-to-day usability for an owner-occupant or small business buyer.
Located at 115 E Michigan Avenue in Grass Lake, the property benefits from walk-by and drive-by visibility. The building also retains original bank-era features, including a large original vault and an additional drop-box vault at the front entrance. Two dedicated parking spaces are provided at the rear of the building.
With its finished main level, private office, and adaptable upper space, the property may suit office users looking for character and functional room for supporting amenities. The presence of existing vault structures can also be a distinguishing feature for certain operations or storage-focused tenants. The basement, serviced mechanicals, and security readiness support continued day-to-day usability for an owner-occupant or small business buyer.
Key Highlights
- Built in 1900 with concrete and brick construction and rubber roofing
- Central air cooling plus baseboard heating; cable available
- Main level features granite and marble finishes, soaring ceilings, a main‑floor restroom, and a private executive office
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 | $38.0k | $14.40 |
| − Vacancy | −$8.5k | −$3.23 |
| EGI | $29.5k | $11.17 |
| − OpEx | −$7.4k | −$2.79 |
| NOI | $22.1k | $8.38 |
2,640 SF · lease $14.40/SF/yr · vacancy 22.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$316.1K
$276.6K – $368.8K
NOI $22,125 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$421.4K
$368.8K – $491.7K
NOI $29,500 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Comerica Bank - ATM
Atm
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Historic office building with granite and marble finishes, flexible upper-level space, and a main-floor restroom.
Where is this office building located?
The property is located at 115 E Michigan Avenue Grass Lake, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Built in 1900 with concrete and brick construction and rubber roofing; Central air cooling plus baseboard heating; cable available; Main level features granite and marble finishes, soaring ceilings, a main‑floor restroom, and a private executive office
