Building Details

Building Size 11,000 SF

Listing Agency: Premier Property Services LLC j***@ppsam.com Show Phone

Listed By: James Bufalino · License #6505382114 Show Phone

Source: Elliman

Added: Mar 11 Changed: Aug 8 Last Checked: Aug 8 at 6:23AM

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Investment Insights

Based on property information with market context.

This two-story mixed-use historical building, featuring over 11,000 square feet and a 3,500 square foot basement, presents a redevelopment opportunity in the Village of Concord, just outside of Jackson, MI. Situated on a prominent corner, the property is noted to be in excellent condition considering its age. The building's basement offers unique potential uses. The property is suitable for first-floor retail, office, service, or restaurant businesses, and features high ceilings and ample natural light on both levels. The expansive second floor provides an opportunity for residential rental income. Previously a grocery store, the building has an open floor plan and benefits from 3-phase power. The second-floor units can be adapted for apartments, offices, or storage. The property is presented as a clean slate, ready for renovation. Recent refurbishments include the roof and exterior masonry. Market research suggests a demand for apartments, a pharmacy, a grocery store, retail spaces, or a financial institution in the area. The property is divisible down to 1,500 square feet, with monthly lease rates varying based on the occupied space.

Key Highlights

• Redevelopment opportunity in the heart of the Village of Concord.
• Large 11,000+ SF mixed‑use historical building with 3,500 SF basement.
• Flexible purchase options: Sell, Lease, Lease‑With‑Option, or Land Contract.

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Building Supply Electrical Service Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

113

Businesses Nearby

Explore this area Business Placement

Demographics for 49237, MI

3,027

Population

1,265

Households

2.4

Avg Household Size

44

Median Age

16%

College-Educated

92%

High-School Grad

41.0 sq mi

ZIP Area

74

Density / Sq Mi

$66,667

Median Household Income

$43,906

Median Earnings

$806

Median Rent

$179,300

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two-story mixed-use building with redevelopment potential in Concord, Michigan.

Where is this mixed-use property located?

The property is located at 101 N MAIN St Concord, MI.

What is the lease rate?

The lease rate is $2,000/Mo.

What are key features of this property?

This property features: Redevelopment opportunity in the heart of the Village of Concord.; Large 11,000+ SF mixed‑use historical building with 3,500 SF basement.; Flexible purchase options: Sell, Lease, Lease‑With‑Option, or Land Contract.