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    142 S Putnam Street Williamston, MI 48895

    View on Map
    For Sale
    $349,900

    COMMERCIAL - Williamston, MI

    Property size:
    640 SF
    Lot size:
    0.05 Acres
    Added:
    Jan 12, 2026
    Days on Market:
    79
    Last Refresh:
    Apr 1 at 3:06 pm

    Property Features for 142 S Putnam Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    On Street, Alley
    Appliances
    Refrigerator, Oven
    Standard status
    Active
    APN
    33-18-03-35-479-022
    Size
    640 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    COM ON W LINE OF PUTNAM ST. 66 FT. S OF N LINE OF LOT 12-W'LY PLL WITH N LINE OF LOT 12, TO PT 1 RD 12 FT E'LY FROM W LINE OF SAID LOT, S PLL WITH W LINE OF LOT 12, 22 FT-E'LY PLL WITH N LINE OF LOT TO PUTNAM -N'LY TO BEG. PARTOF LOT 12 BLOCK 4 CITY OF WILLIAMSTON
    TaxAnnualAmount
    1865

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1890
    Floors in Building
    2
    Flooring type
    Vinyl, Marble
    Building materials
    Brick
    Roof type
    Shingle

    We can help!

    Listing Contact
    Thomas Barrett

    Listing agent Thomas Barrett License #6501422144

    Listing office Keller Williams Realty Lansing 3490 Belle Chase Way, Lansing, MI

    Listing date Jan 12, 2026

    MLS# 293414

    Copyright © 2026 Greater Lansing Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Williamston Barber Shop Opportunity

    This property presents a business and/or income rental opportunity in downtown Williamston. The property features a barber shop that has been in continuous operation with the same owner since 1972, offering immediate cash flow and a customer base. The building also includes a 1-bedroom living space, providing additional income potential. The sale includes a vacant lot next door, offering flexibility to expand the existing business or develop additional income-producing space. The property benefits from consistent foot traffic and has 4 parking spots in the back. The property is located among neighboring businesses. Williamston is a community-focused town known as the home of the Red Cedar Jubilee, a summer concert series, a Farmers market running from May-October, schools, restaurants, and the Winter Light Parade, all contributing to a downtown atmosphere. The property size is 640 square feet and the lot size is 0.05 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tonsorial House Barber Shop Mystery Ink Tattoo & Piercing Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Williamston
    County
    Ingham
    State
    Michigan
    Longitude
    -84.283432
    Latitude
    42.688444

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    FAQs

    What type of property is this?
    Individual retail property - Barber shop with income potential in downtown Williamston.
    Where is this individual retail property located?
    The property is located at 142 S Putnam Street Williamston, MI.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: Established barber shop with continuous operation since 1972, providing immediate cash flow and a loyal customer base.; Includes a vacant lot, offering expansion possibilities or development of additional income‑producing space.; Features a 1‑bedroom living space, providing additional rental income potential.
    (517) 449-2930
    We can help!
    Listing Contact
    Thomas Barrett
    Real Estate License ID: 6501422144
    Learn More
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    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
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