Corner Retail
For Sale
$235,000
9 E Lake Street, Sand Lake, MI 49343
Commercial Sale, Sand Lake, MI
Property Size650 SF
Lot Size0.15 Acres
Price / SF$361.54
Days on Market35
Property Features for 9 E Lake Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
Tri County
Middle school district
Tri County
High school district
Tri County
Standard status
Active
APN
41-03-05-231-005
Size
650 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PART NE 1/4 COM AT NE COR OF 4TH & LAKE STS TH E 25 FT TH NELY PAR WITH 4TH ST 90 FT TH W 25 FT TH SWLY ALONG ELY LINE O
Tax Annual Amount
1557
Legal Description
PART NE 1/4 COM AT NE COR OF 4TH & LAKE STS TH E 25 FT TH NELY PAR WITH 4TH ST 90 FT TH W 25 FT TH SWLY ALONG ELY LINE O
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1940
Number of units
1
Building materials
Brick
Roof type
Metal
Listing Agency:
EXP Realty (Grand Rapids)
(616) 901-3620
Listed By:
Wm (Duke) E Gray · License #6506048115
(616) 862-1713
Added: Sep 2
Changed: Oct 3
Last Checked: Oct 6 at 8:06AM
MLS# 26052752
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 650-square-foot retail storefront sits on a 0.15-acre corner lot in Sand Lake. The building dates to 1940 and has brick construction, a metal roof, one bathroom, forced-air heat, and central air conditioning. Cable service is available.
Key Highlights
- 650‑square‑foot retail storefront
- 0.15‑acre corner lot
- Built in 1940 with brick construction and a metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,403
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$168,060
$168.1K
Cap Rate 7%
$120,043
$120.0K
Cap Rate 9%
$93,367
$93.4K
Market Conditions
NOI Build-Up for 650 SF
Gross rent
$12.3K $18.96/SF
− Vacancy
−$320 −$0.49/SF
EGI
$12.0K $18.47/SF
− OpEx
−$3.6K −$5.54/SF
NOI
$8.4K $12.93/SF
Area
St. Clair County, MI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$168,060
Cap Rate 7%
$120,043
Cap Rate 9%
$93,367
Alternative Uses
Best Use
Retail
$120.0K
$105.0K – $140.1K
NOI $8,403 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$488.6K
$427.6K – $570.1K
NOI $34,205 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
18k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Wesco
Shops & Services
11,422 visits/mo
0.2 miles
Family Dollar
Shops & Services
4,895 visits/mo
0.2 miles
Independent Bank
Shops & Services
1,998 visits/mo
0.2 miles
Demographics for 49343, MI
5,669
Population
2,528
Households
2.2
Avg Household Size
43
Median Age
15%
College-Educated
91%
High-School Grad
55.3 sq mi
ZIP Area
103
Density / Sq Mi
$81,722
Median Household Income
$46,050
Median Earnings
$694
Median Rent
$236,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - A compact commercial space occupies a corner parcel in Sand Lake.
Where is this storefront property located?
The property is located at 9 E Lake Street Sand Lake, MI.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 650‑square‑foot retail storefront; 0.15‑acre corner lot; Built in 1940 with brick construction and a metal roof
