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Property profile & analytics
OFF-MARKET
Investment properties

68104-68074-680 Main Richmond, MI 48062

27,443 SF 0.63 ac lot Built 1905
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Year built 1905
Total area 27,443 SF
Lot 0.63 ac (27,443 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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