Commercial Building with Detached
For Sale
$800,000
45199 Cass Avenue, Utica, MI 48317
COMMERCIAL - Utica, MI
Property Size3,943 SF
Lot Size0.37 Acres
Price / SF$202.89
Days on Market102
Property Features for 45199 Cass Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement
Elementary school district
Utica
Middle school district
Utica
High school district
Utica
Standard status
Active
APN
11-07-33-481-027
Size
3,943 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NO 1;LOT33 EXC WLY 56.58 FT; PTOFLOT 31 DESC AS: BEG NE COR SD LOT 31;TH S15*24'E38.27 FT ALG WLY LI
Tax Annual Amount
6777
Legal Description
NO 1;LOT33 EXC WLY 56.58 FT; PTOFLOT 31 DESC AS: BEG NE COR SD LOT 31;TH S15*24'E38.27 FT ALG WLY LI
Utilities
Utilities
Natural Gas Available
Heating system
Baseboard
Building Details
Year built
1890
Number of units
1
Building materials
Aluminum Siding, Brick
Listing Agency:
Pellow Realty Group
(586) 322-3975
Listed By:
Rebecca Kellar · License #6501313703
(586) 563-8177
Added: Apr 20
Changed: Jul 25
Last Checked: Jul 30 at 1:06PM
MLS# 26016607
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 for-sale commercial building includes approximately 3,943 square feet on about 0.37 acres, with on-site parking and a detached 1.5-car garage with a loft and electricity. The property has been used previously as a hotel, a higher-end restaurant, and most recently as office space. The building is sold as-is, and the buyer is responsible for verifying all information, including zoning and permitted uses.
Located on Cass Avenue just south of Hall Road (M-59), the site is positioned for high-visibility access and traffic exposure in a commercial corridor.
The property includes 24 parking spots and is suitable for an owner-user or investor looking at potential redevelopment or repositioning, subject to verifying permitting and zoning requirements.
Located on Cass Avenue just south of Hall Road (M-59), the site is positioned for high-visibility access and traffic exposure in a commercial corridor.
The property includes 24 parking spots and is suitable for an owner-user or investor looking at potential redevelopment or repositioning, subject to verifying permitting and zoning requirements.
Key Highlights
- Commercial property on Cass Ave just south of Hall Rd (M‑59)
- Approximately 0.37 acres with on‑site parking for 24 vehicles
- Detached 1.5‑car garage with loft and electricity for storage or workspace
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 | $47.3k | $12.00 |
| − Vacancy | −$5.7k | −$1.44 |
| EGI | $41.6k | $10.56 |
| − OpEx | −$12.5k | −$3.17 |
| NOI | $29.1k | $7.39 |
3,943 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$416.4K
$364.3K – $485.8K
NOI $29,147 @ 7.0% cap · market cap 3.64%
Second Best
Office B
$193.9K
$169.7K – $226.2K
NOI $13,574 @ 7.0% cap · market cap 1.70%
Theoretical Best
Specialty Retail
$738.2K
$645.9K – $861.2K
NOI $51,674 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
713
Businesses Nearby
Explore this area
Business Placement
Demographics for 48317, MI
27,864
Population
12,936
Households
2.2
Avg Household Size
39
Median Age
32%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,322
Density / Sq Mi
$72,465
Median Household Income
$41,895
Median Earnings
$1,227
Median Rent
$248,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Commercial building on Cass Avenue with on-site parking, a detached 1.5-car garage, and a prior hotel, restaurant, and office history.
Where is this retail space located?
The property is located at 45199 Cass Avenue Utica, MI.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Commercial property on Cass Ave just south of Hall Rd (M‑59); Approximately 0.37 acres with on‑site parking for 24 vehicles; Detached 1.5‑car garage with loft and electricity for storage or workspace
