You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Retail space

68074 Main St Richmond, MI 48062-1331

4,144 SF 0.28 ac lot Built 1905
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US43-0213910
Property summary
AI-generated overview

This exceptional 4,144 square foot industrial property located at 68074 S Main, Richmond, MI, presents a unique investment opportunity. Currently leased to a thriving antique market and furniture retailer on a long-term agreement, this property guarantees immediate and consistent rental income. The building, situated on a 0.28-acre lot, boasts a rich history, having previously served as a successful music studio. The main level is beautifully appointed with multiple rooms, currently subleased to various antique vendors. The upper level offers significant untapped potential for expansion or additional rental income. A large, dry basement is currently used for cold storage by a neighboring business, generating supplemental revenue. The property includes a private parking lot, adding to its convenience and appeal. Offered at $269,999, this well-maintained building represents a chance to acquire a landmark property with a proven track record of success in a vibrant community. Its established tenancy and diverse income streams make it an attractive investment for discerning buyers seeking a stable and profitable venture. The property's history and current use combine to create a unique and compelling investment opportunity. Don't miss this chance to own a piece of Richmond's commercial history.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1905
Total area 4,144 SF
Lot 0.28 ac (12,110 SF)
Zoning code B-2
APN 07-06-01-163-002
UPID US43-0213910
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
68074 LLC · 4 yrs held
68074 LLC
since 2022
2 recorded transactions
2022
Price N/A
2018
Price N/A
Zoning & alternative use
B-2 · Richmond, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 68074 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message