Mixed-Use Building with
107 E Delaware Street Decatur, MI 49045
For Sale
$650,000
COMMERCIAL - Decatur, MI
Property Size6,680 SF
Lot Size0.54 Acres
Price / SF$97.31
Days on Market76
Property Features for 107 E Delaware Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 5
- Rooms
- Bathroom 5, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 1
- Parking
- 40
- Standard status
- Active
- APN
- 80-43-040-294-11
- Size
- 6,680 SF
- Lot size
- 0.54 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 709-A 20-4-14 811-532 1508-794 1509-523 1680-174 1697-450 1697-613 *** LOTS 17 & 18. ALSO BEG AT NW COR OF LOT 19, TH NE
- Tax Annual Amount
- 4000
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1992
- Floors in Building
- 3
- Number of units
- 4
- Building materials
- Vinyl Siding
- Roof type
- Rubber
Listing Agency:
EXP Realty LLC
(269) 600-4397
Listed By:
Brice Bossardet · License #6502382679
(616) 437-1147
Added: May 12
Changed: Jul 25
Last Checked: Jul 26 at 8:06AM
MLS# 26021523
Copyright © 2026 Michigan Regional Information Center, LLC. 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 mixed-use property offers commercial income with residential units in one building. The building includes 6,680 square feet above grade plus a fully finished 3,340 square foot basement. The main floor and basement are fully leased to Sun Provisions under an absolute net lease.
Located at 107 E Delaware Street in downtown Decatur, MI, the commercial space serves as an anchor for the building and includes an owned billboard along the downtown corridor. The second floor has three residential units.
The property sits on approximately 0.54 acres and is configured to support both leased commercial operations and rental housing within the same structure.
Located at 107 E Delaware Street in downtown Decatur, MI, the commercial space serves as an anchor for the building and includes an owned billboard along the downtown corridor. The second floor has three residential units.
The property sits on approximately 0.54 acres and is configured to support both leased commercial operations and rental housing within the same structure.
Key Highlights
- Mixed‑use building with 6,680 sq ft above grade and 3,340 sq ft full finished basement.
- Main floor and basement are fully leased to Sun Provisions under an absolute net lease.
- Three residential units located on the second floor.
Financial Insights For Mixed Use
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 | $50.5k | $7.56 |
| − Vacancy | −$5.1k | −$0.76 |
| EGI | $45.4k | $6.80 |
| − OpEx | −$17.0k | −$2.55 |
| NOI | $28.4k | $4.25 |
6,680 SF · lease $7.56/SF/yr · vacancy 10.10% · expense 37.50%
Alternative Uses
Best Use
Multifamily LT 5
$82.60M
$72.27M – $96.36M
NOI $5,781,794 @ 7.0% cap · market cap 889.51%
Second Best
Apartment 5plus
$73.53M
$64.34M – $85.78M
NOI $5,147,031 @ 7.0% cap · market cap 791.85%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lliff Daniel A DC
Alternative Medicine Practice
Sun Provisions
(Bike/Boat/Book/etc) Store
Decatur One Stop
Grocery & Convenience Store
LAWSON SELF SERVE
Grocery & Convenience Store
Citgo
Gas Station
FAQs
What type of property is this?
Mixed-use property - Main floor and finished basement are leased to Sun Provisions under an absolute net lease, with three residential units above.
Where is this mixed-use property located?
The property is located at 107 E Delaware Street Decatur, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Mixed‑use building with 6,680 sq ft above grade and 3,340 sq ft full finished basement.; Main floor and basement are fully leased to Sun Provisions under an absolute net lease.; Three residential units located on the second floor.
