Highway Frontage Commercial
1956 E Miller Road Fairview, MI 48621
1956 E Miller Road, Fairview, MI, 48621
$240,000
For Sale
Under Contract
$240,000
COMMERCIAL - Fairview, MI
Property Size2,331 SF
Lot Size0.68 Acres
Price / SF$102.96
Days on Market139
Property Features for 1956 E Miller Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial/Res
- Parking features
- Parking Lot
- Standard status
- Active Under Contract
- APN
- 003-022-005-00
- Size
- 2,331 SF
- Lot size
- 0.68 Acres
Taxes and HOA fees
- Tax Description
- T27N R3E SEC 22 - LAND IN NE 1/4 OF NE 1/4 BEG 438' W OF NE COR, TH S 165'; E 9'; S 132'; W 99'; N 297'; E 90'. .64 A.
Utilities
- Sewer type
- Septic Tank
- Water source
- Well
Building Details
- Floors in Building
- 1
Listing Agency
State Wide Real Estate Mio
(989) 826-3292
102 W 8th Street PO BOX 395, Mio, MI
Listed by
Stephanie Hall
(989) 826-3292
Added: Mar 1 Checked: Jul 18 at 10:06 am
MLS# 201838872
Copyright © 2026 Water Wonderland Board 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.
Investment Insights
Based on property information with market context.
The property is a commercial building offering 2,330 square feet of space and 0.68 acres of land. The listing is presented as a versatile building that can support multiple business types, including office space, retail, service-based businesses, and medical or professional uses, depending on how you plan to configure the interior.
The site is located at 1956 E Miller Road in Fairview, Michigan, in Oscoda County. The public remarks describe easy access and exceptional visibility along M-72 highway frontage, which can help support customer access for retail, service, and office-oriented operations.
For tenants, buyers, or operators seeking a flexible commercial structure, the building’s stated use range aligns with both customer-facing and professional workflows. The listing also notes an established rental history and continued tenant interest, positioning the property as an option for ownership while maintaining the flexibility to adapt the space to a new concept. Zoning is listed as Commercial/Res, supporting a range of commercial-oriented possibilities. The seller is asking $240,000.
The site is located at 1956 E Miller Road in Fairview, Michigan, in Oscoda County. The public remarks describe easy access and exceptional visibility along M-72 highway frontage, which can help support customer access for retail, service, and office-oriented operations.
For tenants, buyers, or operators seeking a flexible commercial structure, the building’s stated use range aligns with both customer-facing and professional workflows. The listing also notes an established rental history and continued tenant interest, positioning the property as an option for ownership while maintaining the flexibility to adapt the space to a new concept. Zoning is listed as Commercial/Res, supporting a range of commercial-oriented possibilities. The seller is asking $240,000.
Key Highlights
- High‑visibility location with easy access on M‑72 highway frontage
- Established rental history with continued tenant interest for immediate cash flow
- Versatile 2,330 sq. ft. commercial building suitable for various business types
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 | $35.0k | $15.00 |
| − Vacancy | −$4.8k | −$2.07 |
| EGI | $30.1k | $12.93 |
| − OpEx | −$9.0k | −$3.88 |
| NOI | $21.1k | $9.05 |
2,331 SF · lease $15.00/SF/yr · vacancy 13.80% · expense 30.00%
Alternative Uses
Best Use
Office B
$321.3K
$281.1K – $374.8K
NOI $22,489 @ 7.0% cap · market cap 9.37%
Second Best
Retail
$301.4K
$263.7K – $351.6K
NOI $21,098 @ 7.0% cap · market cap 8.79%
Theoretical Best
Office A
$479.8K
$419.8K – $559.8K
NOI $33,587 @ 7.0% cap · market cap 13.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Commercial building with M-72 frontage and flexible space suitable for office, retail, service, or professional uses.
Where is this retail space located?
The property is located at 1956 E Miller Road Fairview, MI.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: High‑visibility location with easy access on M‑72 highway frontage; Established rental history with continued tenant interest for immediate cash flow; Versatile 2,330 sq. ft. commercial building suitable for various business types
