Renovated Mixed-Use Building with
116 Tecumseh Street Dundee, MI 48131
For Sale
$599,900
COMMERCIAL - Dundee, MI
Property Size2,600 SF
Lot Size0.03 Acres
Price / SF$230.73
Days on Market51
Property Features for 116 Tecumseh Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed Use,Commercial
Parking features
Parking Lot
Patio and Porch features
Patio
Interior features
Living Quarters Attached, Restroom(s), Separate Meters
Exterior features
Deck/Patio
Standard status
Active
Size
2,600 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
3613
Utilities
Heating system
Forced Air
Water source
Public
Listing Agency:
Key Realty One LLC - S. Dixie
(734) 790-4650
Listed By:
Theresa Barton · License #6501328287
(734) 735-5228
Added: Jun 9
Changed: Jul 13
Last Checked: Jul 29 at 11:06AM
MLS# 50210696
Copyright © 2026 Southeastern Border Association of REALTORS®. 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.
Located at 116 Tecumseh Street in downtown Dundee, this mixed-use building has been completely renovated down to the studs and redone. The main level includes a commercial unit that is currently empty, and the listing photos are virtually staged. A basement is available for lease as part of the main-floor commercial section. Above the commercial space are two rented apartments, each with 2 bedrooms and 1 bathroom, and both include laundry hook-ups.
The property offers a shared patio area behind the building and access to use of 2 city parking lots, along with convenient street parking. The property is listed under Mixed Use, Commercial zoning.
Overall, the configuration supports an owner-operator or investor strategy with a ready-to-occupy (or re-tenant) commercial frontage paired with two in-place residential rental units.
The property offers a shared patio area behind the building and access to use of 2 city parking lots, along with convenient street parking. The property is listed under Mixed Use, Commercial zoning.
Overall, the configuration supports an owner-operator or investor strategy with a ready-to-occupy (or re-tenant) commercial frontage paired with two in-place residential rental units.
Key Highlights
- Mixed‑use downtown Dundee building with main‑level commercial space plus two residential units above
- Two income‑producing 2‑bedroom, 1‑bath apartments above the commercial space, both currently rented
- Laundry hookups in both upstairs units
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 | $62.4k | $24.00 |
| − Vacancy | −$6.2k | −$2.40 |
| EGI | $56.2k | $21.60 |
| − OpEx | −$21.1k | −$8.10 |
| NOI | $35.1k | $13.50 |
2,600 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Industrial
$2.21M
$1.93M – $2.58M
NOI $154,585 @ 7.0% cap · market cap 25.77%
Second Best
Mixed Use
$501.4K
$438.8K – $585.0K
NOI $35,100 @ 7.0% cap · market cap 5.85%
Theoretical Best
Warehouse
$2.68M
$2.35M – $3.13M
NOI $187,710 @ 7.0% cap · market cap 31.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated mixed-use building with main-floor commercial space and two rented 2-bedroom apartments above.
Where is this mixed-use property located?
The property is located at 116 Tecumseh Street Dundee, MI.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Mixed‑use downtown Dundee building with main‑level commercial space plus two residential units above; Two income‑producing 2‑bedroom, 1‑bath apartments above the commercial space, both currently rented; Laundry hookups in both upstairs units
