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    350 N Main St Chelsea, MI 48118

    For Sale
    $4,950,000

    Fully occupied mixed-use building with diverse, long-term tenants.

    Lot size:
    1.00 Acre

    Property Features for 350 N Main St

    General Information

    Lot size
    1.00 Acre

    Source: Colliers - Ann Arbor Agent James H. Chaconas

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

    Overview

    Mixed-Use Building with Long-Term Tenants

    The Commons Building features approximately 31,321 square feet of fully occupied mixed-use space. The property is anchored by a diverse mix of long-term tenants, including Los Tres Amigos Restaurant, Chelsea Community Hospital, Step Ahead Podiatry, and Chelsea Hearth & Fireplace. Originally constructed in 1907 and thoughtfully renovated in 2006, the property combines historic charm with modern functionality. It features a common area with soaring ceilings and abundant natural light. Ample parking is available, and an additional entrance opens to a central courtyard, creating a welcoming neighborhood atmosphere. The property contains 10 total units and has a 2025 SEV & TV of $1,281,100. This exceptional investment opportunity is located at 350 N Main St, Chelsea, MI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chelsea
    County
    Washtenaw
    State
    Michigan
    Longitude
    -84.020021
    Latitude
    42.3204791

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      Chelsea Industrial Space For Lease

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    FAQs

    What type of property is this?
    Office building - Fully occupied mixed-use building with diverse, long-term tenants.
    Where is this office building located?
    The property is located at 350 N Main St Chelsea, MI.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: - Fully occupied mixed-use building with long-term tenants.; - Diverse tenant mix including Los Tres Amigos Restaurant, Chelsea Community Hospital, Step Ahead Podiatry, and Chelsea Hearth & Fireplace.; - Renovated in 2006, combining historic charm with modern functionality.
    (734) 994-3100
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    350 N Main St Chelsea, MI 48118
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    Chelsea, MI 48118
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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
    350 N Main St Chelsea, MI 48118
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