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    505 W Main St Lowell, MI 49331

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    For Lease
    $1,100,000

    Retail building with redevelopment potential in Lowell, Michigan.

    Property size:
    4,599 SF
    Lot size:
    1.24 Acres

    Property Features for 505 W Main St

    General Information

    Size
    4,599 SF
    Lot size
    1.24 Acres

    Source: NorthStar Commercial LLC Agent Jack VanGessel

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Building with Redevelopment Potential

    This property features a 10,710 square foot building constructed in 1955 and renovated in 2017. The building includes six suites, with five currently occupied. Additionally, there is a garage available for rent. The property is zoned C-3 and includes 0.25 acres of buildable land. The zoning also allows for redevelopment on 1.1 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Goggins Insurance Agency Insurance Agency Echo Salon Lowell ... Hair Salon Little Caesars Pizza Pizza Restaurant Jamaican Sun Tanning-Lowell Tanning Salon Children's Village Cafe Coffee Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Kent
    State
    Michigan
    Longitude
    -85.343677
    Latitude
    42.933703

    Nearby Similar for Lease

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      Retail Space on Main Street

      Retail space available in a high-traffic shopping center.
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      Industrial Space in Lowell Park

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    • Contact for pricing
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      Medical Office Space Available

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    FAQs

    What type of property is this?
    Retail space - Retail building with redevelopment potential in Lowell, Michigan.
    Where is this retail space located?
    The property is located at 505 W Main St Lowell, MI.
    What are key features of this property?
    This property features: - 10,710 SF building with income potential.; - Five of the six suites are currently occupied.; - Zoned C-3, offering commercial use flexibility.
    (616) 295-8591
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    505 W Main St Lowell, MI 49331
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