68104-68074-680 Main Richmond, MI 48062
This exceptional investment opportunity encompasses three commercial buildings totaling 27,443 square feet, situated on a 0.63-acre lot in Richmond, Michigan. Located on a high-traffic Main Street, this property boasts daily traffic exceeding 25,000 vehicles, ensuring unparalleled visibility and accessibility. The site's rural state highway location eliminates any risk of freeway rerouting, providing long-term stability. Richmond itself is a thriving community with over 25,000 residents, making this business district a central hub for services, shopping, and dining. The property's prime location and the community's growth trajectory make it exceptionally well-suited for redevelopment. Potential redevelopment projects could include a three-story mixed-use condominium development, incorporating retail or restaurant space on the ground floor and upscale condominiums above, addressing the increasing demand for residential and commercial space in Richmond. This presents a unique chance to capitalize on the area's natural growth and strong local economy. The potential for redevelopment grants further enhances the financial attractiveness of this rare investment opportunity, offering an incredible upside for the right developer. Don't miss this chance to shape the future of Richmond's business district.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.