Versatile Commercial Building with
Flint, MI 48507 Flint, MI 48507
New
Flint, MI, 48507
$67,900
For Sale
$67,900
COMMERCIAL - Flint, MI
Property Size1,014 SF
Lot Size0.21 Acres
Price / SF$66.96
Days on Market6
Property Features
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,014 SF
- Lot size
- 0.21 Acres
Building Details
- Year built
- 1965
Listing agency
NextHome Inspire
(810) 771-5240
Listed by
Jeremy Thibault · License #6501345781,PersonLicenseNumber
(810) 397-1844
Added: Jul 16 Updated: Jul 20 at 3:58PM Checked: Jul 21 at 5:06PM
MLS# 50205004
Copyright © 2026 NextHome, Inc. 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 highly visible commercial property is configured as two separate units, offering flexibility for an owner-occupant or as rental space. The building includes approximately 1,014 square feet and sits on a 0.21-acre lot, with an on-site income-producing billboard that may help offset ownership expenses.
The seller describes the site as being located in a high-traffic area with excellent exposure. The property’s current layout supports a variety of business uses, including office space and service-oriented operations such as auto detailing or mechanic/body shop activities, as well as retail sales and contractor or other service-based business setups. The buyer and buyer’s agent should verify all intended uses, including any conversion to one larger space, as well as municipal approval, zoning requirements, and licensing regulations.
The remarks also note that the property may be suitable for a marijuana dispensary or related cannabis business, subject to approval and compliance. Any intended use should be confirmed by the buyer prior to closing.
The seller describes the site as being located in a high-traffic area with excellent exposure. The property’s current layout supports a variety of business uses, including office space and service-oriented operations such as auto detailing or mechanic/body shop activities, as well as retail sales and contractor or other service-based business setups. The buyer and buyer’s agent should verify all intended uses, including any conversion to one larger space, as well as municipal approval, zoning requirements, and licensing regulations.
The remarks also note that the property may be suitable for a marijuana dispensary or related cannabis business, subject to approval and compliance. Any intended use should be confirmed by the buyer prior to closing.
Key Highlights
- Highly visible commercial property in a high‑traffic area
- Approximately 1,000+ SF building on just under a 1/4‑acre lot
- Configured as two separate units, offering flexibility for owner‑occupant or rental use
Local Financial Insights For Industrial
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 | $9.1k | $9.00 |
| − Vacancy | −$922 | −$0.91 |
| EGI | $8.2k | $8.09 |
| − OpEx | −$2.5k | −$2.43 |
| NOI | $5.7k | $5.66 |
1,014 SF · lease $9.00/SF/yr · vacancy 10.10% · expense 30.00%
Alternative Uses
Best Use
Office B
$159.6K
$139.6K – $186.2K
NOI $11,171 @ 7.0% cap · market cap 16.45%
Second Best
Retail
$150.4K
$131.6K – $175.4K
NOI $10,526 @ 7.0% cap · market cap 15.50%
Theoretical Best
Office A
$213.4K
$186.7K – $248.9K
NOI $14,936 @ 7.0% cap · market cap 22.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Coworking space
Similar For Sale Nearby
FAQs
What type of property is this?
Coworking space - Two-unit commercial building with an on-site income-producing billboard on a 0.21-acre lot.
Where is this coworking space located?
The property is located at Flint, MI.
What is the asking price?
The asking price for this property is $67,900.
What are key features of this property?
This property features: Highly visible commercial property in a high‑traffic area; Approximately 1,000+ SF building on just under a 1/4‑acre lot; Configured as two separate units, offering flexibility for owner‑occupant or rental use
