108 S Main Street, Reading, MI 49274
COMMERCIAL - Reading, MI
- Added:
- Apr 12, 2025
- Days on Market:
- 438
- Last Refresh:
- Jun 23 at 12:06 am
Property Features for 108 S Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Basement
- Standard status
- Active
- APN
- 20-050-001-001
- Size
- 3,324 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- per recorded deed
- Tax Annual Amount
- 1998
Utilities
- Utilities
- Phone Available
- Heating system
- Forced Air
- Cooling system
- Window Unit(s), Wall Unit(s)
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 3
- Building materials
- Stucco, Brick
- Roof type
- Rubber
Listing agent Crystal Stoner License #6501390542 (517) 320-2280
Listing office Coldwell Banker Groves Real Estate 268 Carleton Road, Hillsdale, MI (517) 439-1511
Listing date Apr 12, 2025
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.
HighLights
- Construction materials: stucco and brick
- Year built: 1900
- Heating: forced air
- Cooling: window unit(s) and wall unit(s)
- Roof: rubber
- Includes basement and 2 bathrooms
Overview
Located at 108 S Main Street in Reading, Michigan 49274, the building sits on a small commercial lot of 0.06 acres. As a storefront on Main Street, it is designed for retail-style use and provides a straightforward entry point for a buyer seeking a local presence.
For owner-users, this property can fit retail operations that benefit from a dedicated building rather than a shared space. For buyers evaluating a leasing strategy, the recent structural reconstruction is a practical consideration when underwriting building condition and longevity. If you’re looking to own a retail storefront building with demonstrated upgrades, schedule a showing to review the reconstruction scope and the space firsthand.
Local Financial Insights For Retail
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 | $29.9k | $9.00 |
| − Vacancy | −$2.4k | −$0.72 |
| EGI | $27.5k | $8.28 |
| − OpEx | −$8.3k | −$2.48 |
| NOI | $19.3k | $5.80 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Reading
- County
- Hillsdale
- State
- Michigan
- Longitude
- -84.748194
- Latitude
- 41.839566
