Mixed-Use Office
107 S Main St, Almont, MI 48003
For Sale
$1,100,000
Upper-level offices offer flexible configuration, two bathrooms, and elevator access.
Property Size4,580 SF
Days on Market49
Property Features for 107 S Main St
General Information
Standard status
Size
Elevators
Property subtype
Additional Details
Floor
Taxes and HOA fees
Annual Taxes
Amenities
elevator
Building Details
Building Size
Year Built
Buildings
Listed By:
Michele Murphy · License #6506046650
(586) 864-4886
Source:
Elliman
Added: Sep 19
Changed: Oct 25
Last Checked: Nov 6 at 9:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Michele Murphy
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Investment Insights
Based on property information with market context.
This mixed-use building includes an upper-level office area currently arranged as two large offices, with the option to reconfigure the space into nine individual offices. The floor also has two bathrooms and elevator service, allowing the area to function as a shared workplace or accommodate a single occupant. The building was constructed in 1999.
The property occupies a corner lot at 107 S Main St in downtown Almont. A restaurant occupies the lower level under a lease, creating an established mixed-use configuration within the building. The site records a bike score of 33, described as somewhat bikeable, and a walk score of 46, described as car-dependent.
The property occupies a corner lot at 107 S Main St in downtown Almont. A restaurant occupies the lower level under a lease, creating an established mixed-use configuration within the building. The site records a bike score of 33, described as somewhat bikeable, and a walk score of 46, described as car-dependent.
Key Highlights
- Upper‑level office area currently configured as two large offices
- Potential layout for nine individual offices
- Two bathrooms on the office level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,342
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$906,840
$906.8K
Cap Rate 7%
$647,743
$647.7K
Cap Rate 9%
$503,800
$503.8K
Market Conditions
NOI Build-Up for 4,580 SF
Gross rent
$82.4K $18.00/SF
− Vacancy
−$9.9K −$2.16/SF
EGI
$72.5K $15.84/SF
− OpEx
−$27.2K −$5.94/SF
NOI
$45.3K $9.90/SF
Area
Lapeer County, MI
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$906,840
Cap Rate 7%
$647,743
Cap Rate 9%
$503,800
Alternative Uses
Best Use
Mixed Use
$647.7K
$566.8K – $755.7K
NOI $45,342 @ 7.0% cap · market cap 4.12%
Second Best
Office B
$225.2K
$197.1K – $262.8K
NOI $15,767 @ 7.0% cap · market cap 1.43%
Theoretical Best
Healthcare Medical
$750.0K
$656.3K – $875.0K
NOI $52,501 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
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Business Placement
Demographics for 48003, MI
6,506
Population
2,469
Households
2.6
Avg Household Size
42
Median Age
23%
College-Educated
95%
High-School Grad
33.2 sq mi
ZIP Area
196
Density / Sq Mi
$88,533
Median Household Income
$46,308
Median Earnings
$925
Median Rent
$275,200
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Upper-level offices offer flexible configuration, two bathrooms, and elevator access.
Where is this mixed-use property located?
The property is located at 107 S Main St Almont, MI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Upper‑level office area currently configured as two large offices; Potential layout for nine individual offices; Two bathrooms on the office level
