Historic Coffee Shop
108 S Main Street, Reading, MI 49274
For Sale
$235,000
Commercial Sale, Reading, MI
Property Size3,324 SF
Lot Size0.06 Acres
Price / SF$70.70
Days on Market575
Property Features for 108 S Main Street
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Listing Agency:
Coldwell Banker Groves Real Estate
(517) 439-1511
Listed By:
Crystal Stoner · License #6501390542
(517) 320-2280
Added: Apr 12, 2025
Changed: Oct 30
Last Checked: Nov 7 at 3:06PM
MLS# 25014932
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.
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Investment Insights
Based on property information with market context.
Built in 1900, this 3,324-square-foot commercial building occupies a 0.06-acre parcel at 108 S Main Street in Reading, Michigan. The structure features stucco and brick construction, a rubber roof, forced-air heat, and supplemental window and wall cooling units. Interior improvements include a basement and two bathrooms.
The property has undergone major reconstruction work, including structural improvements described as intended to extend the building’s useful life. Phone service is available. Its location in Reading, within Hillsdale County, provides an established small-town setting for a coffee shop or related commercial use.
The property has undergone major reconstruction work, including structural improvements described as intended to extend the building’s useful life. Phone service is available. Its location in Reading, within Hillsdale County, provides an established small-town setting for a coffee shop or related commercial use.
Key Highlights
- 3,324‑square‑foot building on a 0.06‑acre parcel
- Built in 1900 with stucco and brick construction
- Major reconstruction work completed, including structural improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,266
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,320
$385.3K
Cap Rate 7%
$275,229
$275.2K
Cap Rate 9%
$214,067
$214.1K
Market Conditions
NOI Build-Up for 3,324 SF
Gross rent
$29.9K $9.00/SF
− Vacancy
−$2.4K −$0.72/SF
EGI
$27.5K $8.28/SF
− OpEx
−$8.3K −$2.48/SF
NOI
$19.3K $5.80/SF
Area
Hillsdale County, MI
Vacancy
8.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,320
Cap Rate 7%
$275,229
Cap Rate 9%
$214,067
Alternative Uses
Best Use
Specialty Retail
$528.2K
$462.1K – $616.2K
NOI $36,971 @ 7.0% cap · market cap 15.73%
Second Best
Retail
$275.2K
$240.8K – $321.1K
NOI $19,266 @ 7.0% cap · market cap 8.20%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
17k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Marathon Petroleum
Shops & Services
4,991 visits/mo
0.4 miles
Dollar General
Shops & Services
4,909 visits/mo
0.5 miles
Dollar Tree
Shops & Services
3,562 visits/mo
0.4 miles
Citgo
Shops & Services
3,472 visits/mo
0.3 miles
Demographics for 49274, MI
3,699
Population
1,956
Households
1.9
Avg Household Size
41
Median Age
21%
College-Educated
88%
High-School Grad
61.7 sq mi
ZIP Area
60
Density / Sq Mi
$56,125
Median Household Income
$40,020
Median Earnings
$742
Median Rent
$160,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Lone Ranger Cafe — 135 E Michigan St, Reading, MI 49274
Frequently Asked Questions
What type of property is this?
Coffee shop - Freestanding commercial building with basement storage and two bathrooms in Reading, Michigan.
Where is this coffee shop located?
The property is located at 108 S Main Street Reading, MI.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 3,324‑square‑foot building on a 0.06‑acre parcel; Built in 1900 with stucco and brick construction; Major reconstruction work completed, including structural improvements
