Mixed-Use Commercial
25/29 S Greenville Road Greenville, MI 48838
For Sale
$499,900
COMMERCIAL - Greenville, MI
Property Size3,000 SF
Lot Size2.00 Acres
Price / SF$166.63
Days on Market192
Property Features for 25/29 S Greenville Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Standard status
- Active
- APN
- 014-003-009-00
- Size
- 3,000 SF
- Lot size
- 2.00 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- 20 R E & W BY 16 R N & S IN NW COR OF NW FRL 1/4 SEC 3 T10N R8W. 2 A.
- Tax Annual Amount
- 5673
Utilities
- Utilities
- Propane
- Sewer type
- Septic Tank
- Heating system
- Forced Air
- Water source
- Well
Building Details
- Year built
- 1970
- Floors in Building
- 1
- Number of units
- 3
Listing Agency:
Five Star Real Estate (Greenv)
(616) 835-1435
Listed By:
Tori L Ensing · License #6502426724
(616) 835-1435
Added: Jan 15
Changed: Jul 25
Last Checked: Jul 26 at 10:06PM
MLS# 26001856
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 mixed-use property includes a 3,000 square foot commercial building together with a 2,305 square foot home. The configuration also features a 5-stall detached garage, as well as an apartment above the commercial building, creating multiple distinct spaces within one site.
The property is described as being in a high-traffic location on a large corner lot, positioned between Greenville, Lakeview, and Stanton, with lakes only a few miles away.
The seller notes the property could be used as an investment by renting each unit separately. A land contract may be considered under special terms.
The property is described as being in a high-traffic location on a large corner lot, positioned between Greenville, Lakeview, and Stanton, with lakes only a few miles away.
The seller notes the property could be used as an investment by renting each unit separately. A land contract may be considered under special terms.
Key Highlights
- 3,000 SF commercial building as part of a mixed‑use property with an apartment above the commercial space
- Includes a 2,305 SF home on the same property
- 5‑stall detached garage provides additional parking or storage
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 | $57.2k | $19.08 |
| − Vacancy | −$11.3k | −$3.78 |
| EGI | $45.9k | $15.30 |
| − OpEx | −$11.5k | −$3.83 |
| NOI | $34.4k | $11.48 |
3,000 SF · lease $19.08/SF/yr · vacancy 19.80% · expense 25.00%
Alternative Uses
Best Use
Mixed Use
$37.07M
$32.44M – $43.25M
NOI $2,594,891 @ 7.0% cap · market cap 519.08%
Second Best
Apartment 5plus
$33.02M
$28.89M – $38.53M
NOI $2,311,541 @ 7.0% cap · market cap 462.40%
Theoretical Best
Self Storage
$41.52M
$36.33M – $48.44M
NOI $2,906,278 @ 7.0% cap · market cap 581.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
FAQs
What type of property is this?
Live-work space - 3,000 sq. ft. commercial building plus a 2,305 sq. ft. home and 5-stall detached garage on a large corner lot.
Where is this live-work space located?
The property is located at 25/29 S Greenville Road Greenville, MI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 3,000 SF commercial building as part of a mixed‑use property with an apartment above the commercial space; Includes a 2,305 SF home on the same property; 5‑stall detached garage provides additional parking or storage
