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Mixed-Use Building with Apartments

116 E Broad Street, Chesaning, MI 48616

For Sale
New
$59,900

Vacant commercial and residential space needs repairs and updates before it can be occupied.

Property Size3,600 SF
Price / SF$16.64
Days on Market2

Property Features for 116 E Broad Street

General Information

Standard status Active
Size 3,600 SF
Property subtype Commercial

Property Condition

Severity Repairs Needed
Evidence REQUIRES REPAIRS AND UPDATES

Site & Location

Road Access Yes
Mixed-Use Components retail, residential

Units

Unit Mix 2 x 1BR
Multifamily Units 2

Building Details

Year Built 1900
Buildings 1
Stories 2
Listing Agency: Keller Williams First
Listed By: Bahia M Jarrah · License MI #324031
Source: Bhhssnyder
Added: Nov 12 Last Checked: Nov 12 at 2:39PM

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 Keller Williams First

Rey
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Investment Insights

Based on property information with market context.

Built in 1900, this mixed-use building has more than 2,790 square feet of commercial space on the main floor, with storefront display windows, a restroom, and a basement equipped with a B-Dry waterproofing system. The upper level contains two one-bedroom apartments. The building is vacant and requires repairs and updates.

The property is on a busy downtown street in Chesaning, within walking distance of shops, restaurants, and local amenities. The main-floor layout has separate areas that may be reconfigured for retail, professional offices, or other business uses, subject to local approvals.

Key Highlights

  • More than 2,790 sq. ft. of main‑floor commercial space
  • Two one‑bedroom apartments on the second floor
  • Storefront display windows and a main‑floor restroom

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

E Harris Insurance Insurance Agency Chesaning Computer Phone ... Computer & Electronic Repair

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Grocery & Convenience Store Skin Care Clinic Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

257
Businesses Nearby

Demographics for 48616, MI

7,458
Population
3,226
Households
2.3
Avg Household Size
45
Median Age
14%
College-Educated
92%
High-School Grad
81.1 sq mi
ZIP Area
92
Density / Sq Mi
$67,801
Median Household Income
$39,141
Median Earnings
$744
Median Rent
$153,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Vacant commercial and residential space needs repairs and updates before it can be occupied.
Where is this mixed-use property located?
The property is located at 116 E Broad Street Chesaning, MI.
What is the asking price?
The asking price for this property is $59,900.
What are key features of this property?
This property features: More than 2,790 sq. ft. of main‑floor commercial space; Two one‑bedroom apartments on the second floor; Storefront display windows and a main‑floor restroom
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