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

    143 W Saint Clair Romeo, MI 48065

    View on Map
    Claim this Listing
    New
    For Sale
    $385,000

    Commercial/Industrial - Romeo, MI

    Property size:
    1,267 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $303/SF
    Added:
    Apr 30, 2026
    Days on Market:
    3
    Last Refresh:
    May 2 at 3:06 pm

    Property Features for 143 W Saint Clair

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Exterior features
    Wheelchair Access
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    28-04-02-102-004
    Size
    1,267 SF
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1902
    Building materials
    Vinyl Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Kristine Plotinski

    Listing agent Kristine Plotinski License #6501412775

    Listing office Realty Executives Home Towne Romeo 138 S Main St, MI

    Listing date Apr 30, 2026

    MLS# 50205928 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Romeo Commercial Building

    This commercial building is located in downtown Romeo. The building was professionally remodeled in 2003 with updated electrical, plumbing, windows, and siding. Further updates in 2022 included new flooring and paint throughout. The property includes a private parking lot and a handicap accessible ramp leading to the lobby and reception area. The first floor features two offices or rooms and an updated ADA compliant bathroom. The second floor offers three spacious rooms or offices. A basement provides storage space. The lot size is 0.11 acres and the building size is 1,267 square feet. This property presents an opportunity for investment or business operation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Romeo
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0153086
    Latitude
    42.8022628

    Nearby Similar for Sale

    • $379,900
      2,300 SF

      Main Street Commercial Property

      High-visibility 2,300 sq ft commercial property on 0.41 acres.
      305 S Main, Romeo, MI 48065
      View Details
    • $399,000
      2,224 SF

      Restored Historic Building in Romeo

      Completely renovated historic building in Romeo's vibrant Central Business District.
      149 W Saint Clair, Romeo, MI 48065
      View Details
    • $649,000
      6,752 SF

      Victorian Home in Romeo Heart

      Victorian home in Romeo's heart, suitable for various uses.
      185 S Main, Romeo, MI 48065
      View Details
    • $11
      4,160 SF

      Office Space For Sale

      Office space available on Peyerk Ct, Romeo, MI.
      111 Peyerk Ct, Romeo, MI 48065
      View Details
    • $798,000
      1,564 SF

      Church with Additional House

      Church with house, classrooms, kitchen, and large parking lot.
      77333 Van Dyke Rd, BruceTownship_Macomb, MI 48065
      View Details

    FAQs

    What type of property is this?
    Office building - Remodeled building in downtown Romeo, suitable for investment or business.
    Where is this office building located?
    The property is located at 143 W Saint Clair Romeo, MI.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: Professionally remodeled with updated electrical, plumbing, windows, and siding.; Prime downtown Romeo location suitable for business or investment.; Private parking lot with handicap accessible ramp.
    (586) 899-8578
    We can help!
    Listing Contact
    Kristine Plotinski
    Real Estate License ID: 6501412775
    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

    Thank You for Inquiry

    143 W Saint Clair, Romeo, MI 48065

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!